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Half a million jobs vanished in the span of one month. Unemployment just one year ago was just over 4%, now it is almost (or over) 7%. It was 6.5% in October.

Analysts are predicting 3 million more job losses between now and spring 2010.

Not that any time of the year is a good time to lose your job, but especially around this time of year. Many families will have to scale down the holidays this year, or skip the gift giving altogether.

You have to really dig around to find the good news in all the economic bad news. Even experts are saying the economy is in a free-fall.

Half-million jobs vanish as economy deteriorates

Jeremy

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