According to an article in the Star-Telegram, unemployed workers may be worse off now than they were the last time the unemployment rate topped 10 percent in 1982.
The article said:
“Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the job. And [...]

According to an article in the Dallas Morning News, the unemployment rate has surpassed 10 percent for the first time since 1983.
The article said:
“The Labor Department said Friday that jobless rate rose to 10.2 percent, the highest since April 1983, from 9.8 percent in September. The economy shed a net total of 190,000 jobs in [...]

According to an article in the Star-Telegram, American Airlines has cut its fleet from 900 planes to 600. Because it has fewer planes, the company announced 700 job losses and the closure of its Kansas City maintenance base. The job losses will affect mechanics, engineers, management as well as union and non-union workers. No job [...]

According to an article in the Dallas Morning News, first-time claims for unemployment insurance benefits increased more than expected last week.  The Labor Department reported that initial unemployment insurance claims rose to 551,000 from 534,000.  Analysts had expected that unemployment claims would only rise to 535,000.
“Economists closely watch initial claims, which are considered a gauge [...]

Law protects you from being discriminated against because of a bankruptcy.
One of the things people often worry about when considering bankruptcy is, “What will happen at my job?”  Often times the answer is nothing, but in the event that something does happen, it is almost always very minor.  In fact, law protects you from [...]

According to an article in the Dallas Morning News, over 6 million Americans continue to claim unemployment benefits; but the job losses continue unabated. Microsoft Corp. announced 5,000 job losses to be implemented over the next 18 months. Huntsman Corp., a chemical maker will suffer 1,175 job losses this year, representing more than 9 [...]

According to the U.S. Labor Department new unemployment benefits claims jumped last week to their highest levels in seven years. The departments report stated that new requests for jobless benefits for the week of Sept. 20th increased by 32,000, much higher than expectations. Experts claim that the elevated jobless rates are due mostly to [...]