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Workers Laid Off, Execs Paid Off The global financial crisis deepens, with more than 10 million in the U.S. out of work, according to the Department of Labor. Unemployment hit 6.7 percent in November. Add the 7.3 million "involuntary part-time workers," who want to work full time but can't find a position. Jobless claims have reached a 26-year high, while 30 states reportedly face potential shortfalls in their unemployment insurance pools. Posted in auto bailout, financial crisis

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Workers Laid Off, Execs Paid Off

The global financial crisis deepens, with more than 10 million in the U.S. out of work, according to the Department of Labor.

Unemployment hit 6.7 percent in November. Add the 7.3 million "involuntary part-time workers," who want to work full time but can't find a position. Jobless claims have reached a 26-year high, while 30 states reportedly face potential shortfalls in their unemployment insurance pools.

Posted in auto bailout, financial crisis