Most of the Expersts saying , The Department of Labor reported that the unemployment rate is currently 8.5%. However, this figure is somewhat inaccurate. This is the amount of people still seeking job opportunities. This does not factor in laid off workers not seeking work. Many people have opted to discontinue their search foremployment to become stay-at-home moms or dads. Some even electing just to stay at home. Economists theorize that the situation going forward will get even worse.
The hope is that government spending will lead to more employment which in turn leads to more spending, reversing the current trend. However, if consumers remain afraid of losing their job they will continue to cut back making the situation worse.
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