Think the worst is over? Wrong—Conditions in the U.S. Labor Markets are awful and worsening. While the official unemployment rate is already 10.2% another 200,000 jobs were lost in October and when you include discouraged workers and partially unemployed the figure is a whopping 17%
While losing 200,000 jobs per month is better than 700,000 jobs lost in January, current job losses still average more than the per month rate of 150,000 jobs during the last recession.
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