Sunday, April 5, 2009


Former Labor Secretary, Robert Reich, thinks we are now in Depression era mode. Here's some of the evidence ...

The March employment numbers, out this morning, are bleak: 8.5 percent of Americans officially unemployed, 663,000 more jobs lost. But if you include people who are out of work and have given up trying to find a job, the real unemployment rate is 9 percent. And if you include people working part time who'd rather be working full time, it's now up to 15.6 percent. One in every six workers in America is now either unemployed or underemployed.
Check out the rest of his commments on his blog here.

- Mark

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