indebtedness

Jobless: 10 percent is tougher than it used to be

MSNBC.com: Business  Sun, 11/08/2009 - 12:43

Donald Schenk has been out of work in the current downturn, as he was in the early 80s when unemployment last hit 10 percent.<br /><br />He says times are harder now.It hurts more now to be unemployed than the last time the jobless rate hit 10 percent, what with higher rates of indebtedness, less than half the savings and ballooning health costs.