The forecast, released yesterday by the New England Economic Partnership, a nonprofit group in Walpole, projects the state's unemployment rate will accelerate from its current 5.5 percent, hitting 7.6 percent by the end of 2009 and peaking in the third quarter of 2010 at 8.3 percent.
That would be the highest rate since 1992...
[From Sharp rise forecast in Bay State job losses - The Boston Globe]
...which is - you guessed it - the last time I was looking for a job. 1992, I mean. Or thereabouts. So I know first-hand what that kind of unemployment rate is like and it ain't pretty. I work as a computer skills instructor at an agency affiliated with the state employment service and business is booming there. Just finding a parking spot, never mind a job, is tough.
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