More Bad News From the Job Market

You’ve been out of work for a year now and you are wondering what’s ahead.

Or you are one of many couples who lost a paycheck and you are trying to get by on one only. Or you are middle-aged and had a good-paying factory job. But there are very few factory jobs today in your Rust Belt city. Or you are black or Latino and a lot of your friends can’t find a job either.

Where are we headed at the start of 2010?

As a number of recent reports point out, the Great Recession still hangs heavily over our heads, with losses more severe and painful than most imagine and some workers facing the likelihood of even greater job setbacks ahead.

For many blacks and Latinos, the job losses will continue to mount, according to a report by the Economic Policy Institute.

While the unemployment rate for whites is expected to hit 9 percent in the third quarter of this year - up from 8.1 percent in the most recent period - it is likely to reach 17.2 percent for blacks and 13.9 percent for Latinos for the same time period. READ FULL STORY

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