Oh Fuck... Jobless Rate Soars to 6.7% in November

Well we knew the economy was bad. Stock prices are dropping. Big banks are going under. But I'm not sure anyone knew it was this bad:

With the economy deteriorating rapidly, the nation’s employers shed 533,000 jobs in November, the 11th consecutive monthly decline, the government reported Friday morning, and the unemployment rate rose to 6.7 percent.

The decline, the largest one-month loss since December 1974, was fresh evidence that the economic contraction accelerated in November, promising to make the current recession, already 12 months old, the longest since the Great Depression. The previous record was 16 months, in the severe recessions of the mid-1970s and early 1980s.

All I can say is holy motherfucking shit. This is already the longest recession since the Great Depression. And things are not getting better anytime soon... expect things to get worse.