How Recession Affects Your Family

recession and unemployment
recession and unemployment

Youch! If you think the economy has been tough on individuals, know that the American family has taken an even bigger hit. The share of families with an unemployed member rose from 7.8 percent in 2008 to12.0 percent in 2009, according to the U.S. Bureau of Labor Statistics. That means that more than one in 10 families has at least one member who is unemployed. That's the highest level ever reached since they began keeping track in 1994.