Unemployment: The 2010 Time Bomb

By John Nichols, The Nation
Posted on January 9, 2010, Printed on January 11, 2010
http://www.alternet.org/story/145048/

American employers eliminated 4.2 million jobs in 2009 and sent unemployment soaring into double digits for the first time in more than a quarter century.

Since the fall of last year, the official jobless rate has been over ten percent, while the unofficial rate (taking in the severely underemployed and those who have given up looking) has been over 17 percent.