Nation's Unemployment Update

September Jobs Loss 263,000 jobs (up 62,000 from August)
National Unemployment Rate - 9.8% (26 year high)
Unemployment plus undermeployment 17%
15.1 million unemployed Americans
9.2 million Part Time workers who were Full Time
65% of involuntary part time workers are aged 15-24

The data above speaks for itself. Companies are getting more work out of fewer employees. Unemployment should peak at 10.5% and start going down next summer from there. State data isn't out yet for last month but wast 12.2% in August for CA nd MD was a mere 7.2%. The most telling stat not mentioned is the 6 unemployed Americans for every job in America. This will get worse before it gets any better. Next year most of the stimulus money goes out and we'll see the effects then. Keep an eye on the health care and greentech for growth sectors in the new economy.