Michigan and Rhode Island once again led the nation with the highest jobless rates at 10.6% and 10% respectively. Rhode Island's rate is the highest in more than three decades.
The national unemployment rate rose to 7.2% in December, up from 6.8% the previous month and from 4.9% a year earlier.
On Monday alone, companies announced more than 71,000 job cuts... so over 71,000 people were laid off from there 'good' job.....
President Obama is pushing for quick passage of an $825 billion package it hopes will stimulate the economy and promote job growth.
"Just this week, we saw more people file for unemployment than at any time in the last 26 years, and experts agree that if nothing is done, the unemployment rate could reach double digits," Obama said Saturday. "If we do not act boldly and swiftly, a bad situation could become dramatically worse."
So I am wondering would you take a 20% pay cut for your co-worker to keep their job?