According to a government report released last Thursday, the number of jobless Americans are higher than they’ve been in the last 26 years. CNN reports:
” The number of people continuing to file for jobless benefits rose 122,000 to 5,560,000 people in the week ended March 11 – the latest week for which data was available. It was the highest number since the government began keeping records in 1967.”
Unemployment is expected to reach 10% by the end of the year. Bear in mind, these numbers are for people who’ve filed unemployment claims. They fail to reflect underemployed, those who’ve been rehired and laid off but no longer qualify for benefits, as well as failed free-lance and “off the books” workers. One can only guess the real number of jobless Americans.