More than 4 million Americans have been fired since last fall, and the job losses are far from over. April began with yet another stunningly bad report—663,000 jobs lost. The unemployment rate, now 8.5 percent, is likely to hit double digits over the coming months. Some economists say that even if the economy begins to recover later this year, it may not pick up enough steam to bring down unemployment until well into 2010.
Read more