Economy Loses More Jobs In December 2009

The unemployment rate would be 10.4 percent if the work force of the United States had not dropped nearly 700,000 discouraged workers who fled their job searches. Currently, the rate is 10 percent. The economy lost nearly 90,000 jobs in December, but because of the great number of people tired of looking for work that have decided to give up their job searches, the unemployment rate was officially listed at 10 percent. The real unemployment rate is probably closer to 20 percent. Some sources have it hovering around 15-17 percent.

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