Career Tips

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With four unemployed people looking to fill each job opening, it's rough out there. Not only is the unemployment rate the highest it's been in 25 years, but the situation is deteriorating fast. This is not your run-of-the-mill recessionary job market.
If unemployment nationally hits 10% later this year, the country will have seen the fastest rise in joblessness since the 1930s. What's more, as you've no doubt noticed from talking to neighbors and friends, the phenomenon is hitting a broad swath of the population: The unemployment rate of college graduates, 4.1% is the highest on record.

At this pace, economists at the left-leaning Economic Policy Institute estimate that in 2010 fully one-third of the U.S. population will at some point in the year be unemployed, or working part-time when they'd rather be full-time. It's enough to drive the average job seeker to distraction.


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