The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain near zero...
“The rise in the unemployment rate is very ugly,” Ethan Harris, chief U.S. economist at Bank of America Merrill Lynch, said in an interview with Bloomberg Television in New York. “This is a big backward step to get this high of an unemployment number this early in the recovery.”
Nurses, RN's in particular, in the past, are immune to unemployment. Not this time. My RN sister-n-law lost her job early this year and has not found a comparable one. Now, she's comfortable on unemployment pay and stop aggressively looking for a job. Ugly insidious head of welfare on the soul and body...
Lord God, have mercy on us.
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