Consider this:
" Although the Federal Reserve expects unemployment to crest near 8.8 percent, many economists say it will rise above 10 percent and will only begin to ebb after the broader economy is well on the way to recovery — a wrenching forecast for the 13.2 million people in the United States who are currently unemployed.
In all, nearly 16 percent of the people in the United States are now looking for a job, working part-time because they cannot find full-time work, or are out of work and not actively looking, the government said.
“We’re closing in on 25 million people that are underemployed in one way or another,” said Mark Zandi, founder and chief economist of Moody’s Economy.com. “It highlights the incredible breadth of the downturn.”"
Can Canada be far behind?
