Unemployment continues to rise - Spokane, North Idaho News & Weather KHQ.com

Unemployment continues to rise

SPOKANE, Wash. - More people were out of work in March than the month before, more people who want to work full time were bumped down to part-time and the government says there's not much hope things will get better soon as the nation's new unemployment rate reaches 8.5 percent.

A quarter of those unemployed have been out of a job for over six months. In March alone, employers eliminated a net total of 663,000 jobs.

The Labor Department told Congress Friday morning we've lost over five million jobs since this recession started.

Most of them in the last five months.

The credit crunch made it worse, the government says.

Small businesses can't get loans to help make payroll so they're laying people off.

In addition to the 13 million Americans out of work another 9 million have been forced to work part time.

The government calls them the "under-employed" - still struggling because what they're earning is often far less than what they need to survive.


Washington state is administering the American Recovery and Reinvestment Act investments with an unprecedented level of transparency and accountability. Gregoire created a new Web site, www.recovery.wa.gov, so every Washingtonian can see where tax dollars are going and hold government accountable for the results. Visit the main American Recovery and Reinvestment Act here: http://www.recovery.gov/.


 

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