When you look at this multimedia visualization, you can see why joblessness represents an even bigger threat to economic recovery than the credit crisis that triggered this mess. Watch the black death of unemployment sweep over the country in 30 seconds or less. And notice the data feed: It does not even include the latest unemployment figures. The visualization gives you a snapshot through September 2009 when the unemployment rate reached 8.5 percent. Not shown: The current unemployment rate is 10.2 percent and still rising.
The key phrase is “double dip.” Unless the job situation improves soon, the economy may slide into a second recession … deeper and more intractable than the first.