Worse and worser ...

Gurk! ZIRP! by Krugman: The unemployment rate has now risen more than 2 percentage points from its pre-recession low. In 1990-1992 the unemployment rate rose 2.6 percentage points. Given what’s happening to retail sales, manufacturing, and so on, it’s now a certainty that unemployment has a lot further to rise. So the “worst recession in 25 years” thing is now baked in. The only question is whether we hit “worst slump since the Great Depression” territory.

and

Goldman forecasting biggest rise in joblessness since WWII

Thanks BushCo, it's been loverly ...