Watch America become a wasteland of unemployment

If unemployment claims rising to the highest level since November doesn’t put you in the right partying mood, this visual graph of the nation’s growing unemployment numbers will sure do the trick. Don’t forget your flask this weekend!

(Thanks, HuffPo.)

UPDATE: Good point, Despondent! Things are even more depressing! The real unemployment rate — when you factor in people who have given up looking for jobs or underemployed folks working part-time or less — is closer to 20%, which Salon pointed out back in October.

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The recession has everyone walking around with a raincloud over their heads

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A weekly round-up of hopeless economy news. Get psyched!

  • During the 2007-9 downturn, more people thought their own financial situation was going to get worse than thought it would improve. In April, about one person in 10 expected his or her family’s income to improve, while about one in six expected family income to go down. [NYT] Continue reading

The Fed keeps its rates low, while teens join the struggle to find jobs and unemployed women sell their engagement rings

scream painting

A weekly round-up of hopeless economy news.

  • The Federal Reserve left its benchmark interest rate near zero on Tuesday, affirming its view that job growth and other economic indicators remained weak as the United States slowly pulls itself out of recession. [NYT] Continue reading