It's always worse. Unemployment next month will top 7% and I predict 9% next year. Of course, there are also the underemployed - those who would like to work full-time, but can't find such jobs.
As far as a depresson goes, keep in mind that in the 30s the unemployment rate exceeded 25%. I don't think we'll get much above 9%. So, no depression.
"Generosity. That was my first mistake." "Experience must be our only guide; reason may mislead us." "Instagram is Twitter for people who can't read."
