Today's release of current unemployment rates may be more unwelcome news reminding us of a rickety economy, but the skies could grow darker still. Goldman Sachs forecasts that the U.S. unemployment rate will peak at 6.4 percent late in 2009 before improving, meaning the painful process of shedding jobs may be only half-way done.

Continue reading "Current Unemployment Rate Steady at 5.5 Percent in June" »