Gee, ya think? Everyone I know is depressed - depressed because they don't have a job, depressed because they might lose the one they have, or depressed because they're stuck in a job they hate for the benefits:

WASHINGTON - Workplace suicides surged 28 percent last year, the Labor Department said Thursday, as anxious workers dealt with a struggling economy and watched colleagues depart in a rash of layoffs.

At the same time, the agency’s Bureau of Labor Statistics said the total number of workers who died on the job from any cause fell by 10 percent.

The 5,071 workplace fatalities recorded in 2008 was the lowest number since the agency began tracking the data in 1992. That number includes 251 suicides, the highest number since official reporting began.
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Labor officials did not seek to explain the sudden rise in workplace suicides. A BLS spokesman said the agency plans to research it more extensively.

The agency says economic factors could be responsible for the overall decline in fatalities. Workers on average worked 1 percent fewer hours last year and the construction industry — which usually accounts for a major share of accidental workplace deaths — posted even larger declines in employment or hours worked.

Gary Chaison, a professor of industrial relations at Clark University in Worcester, Mass., said the numbers suggest the struggling economy taking a toll on worker morale.

“Those who are at places where there have been substantial layoffs are trying to cope with survivor’s guilt,” Chaison said. “I also think there’s tremendous anxiety in the American workplace. It’s not just being anxious, its being depressed.”

HOURS DECLINE FOR EMPLOYED

"The humanitarian benefit of unemployment insurance also causes people to look with less intensity for a new job." - James Sherk, labor economist at the conservative Heritage Foundation.

Don't you love it? Record layoffs, hiring contractions everywhere, and the wingnuts blame people who can't find the non-existent jobs. Or, even worse, the people who can't afford to work for $5 an hour. Geeze, they're all about economic self-interest: "What should I do - keep the unemployment checks that at least cover the bills, or take a minimum wage job that puts me in the red?" Wouldn't you think they'd get that simple equation?

These people are either nuts, or just plain amoral. What do you think?

People who still have jobs are faring worse than at any time since the Great Depression, a USA TODAY analysis of employment data found. Furloughs, pay cuts and reduced hours are taking a toll on workers who so far have escaped job cuts.

The employed worked fewer hours in May — an average of just 33.1 hours a week — than at any time since the Bureau of Labor Statistics began counting in 1964. Part-time work is at a record high. Overtime is at a record low.

The magnitude of job losses — 6 million jobs gone, a 9.4% unemployment rate — has overshadowed the groundbreaking nature of the nation's employment troubles, especially the financial decline of those still working.

"You can rip a whole chapter out of your Economics 101 textbook because the job market isn't behaving the way we were taught," says David Rosenberg, chief economist at money manager Gluskin Sheff and Associates.

Even working people have less to spend.

Businesses cut total wages at a 6.2% annual rate in the first quarter. Federal, state and local governments increased spending on wages by 6.1%, offsetting some of the decline.

The use of pay cuts — the last choice at most companies after hiring freezes, salary freezes and layoffs — shows how the recession is unlike any since the Depression, says Laura Sejen of compensation consultant Watson Wyatt.

"The recession has been broad, deep and long. No one has been immune," she says.

Baby boomers— 79 million people born from 1946 to 1964 — have been hit particularly hard.

Unemployment rates for workers 45 and older have soared to their highest level since at least 1948, when the government started tracking it.

Job losses for baby boomers come at a difficult time: during the traditional peak earning years, as retirement nears.

"It's hard for an older worker to compete in the job market with younger guys and women. The jobs may not pay what they were making," says Austin Sargent, an economist with Utah's Department of Workforce Services.

The average time a person has been out of work is at a post-Depression record of 22.5 weeks.

Congress' approval of higher and longer unemployment benefits may contribute to the extra time spent between jobs, says James Sherk, a labor economist at the conservative Heritage Foundation.

"The humanitarian benefit of unemployment insurance also causes people to look with less intensity for a new job," he says.

Despite what you might be reading about signs of hope, there's no rational basis for believing the unemployment crisis is ending anytime soon. I understand that they're trying to find something positive to say, but many of us prefer to know the truth - like this:

For those receiving unemployment benefits, long-term joblessness has tested the limits of the system. In April, 47.1 percent of all people collecting state unemployment insurance exhausted the usual maximum of 26 weeks of benefits without finding work, according to the Bureau of Labor Statistics. That is the highest rate on record, going back to 1972, when the Labor Department began keeping track.

The $787 billion stimulus package that Congress passed in February contained $27.1 billion to help states extend unemployment benefits. As of mid-May, 2.5 million people were collecting extended benefits. The time limit has been increased to 59 to 79 weeks.

Workers who exhaust their benefits and don't get new training tend to become disconnected from the labor force, said Harvard University economist Lawrence Katz. "A lot of them have ended up on disability rolls," he said. "They're basically never coming back into the workforce."

Extending unemployment benefits and making it easier for the jobless to be retrained could help workers avoid some of the most negative consequences of job loss. But under state regulations, the unemployed often have to give up benefits if they return to school. President Obama earlier this month said he will try to persuade states to allow unemployed workers to keep their benefits as they seek a broader range of schooling.

Until then, Mark Beaupre, 49, of Providence, R.I., is wondering whether he and his family will be able to rejoin the middle class. He lost his $8-an-hour job at a ringmaking factory more than a year ago. It was the last in a string of manufacturing jobs he's held since the 1980s. His wife, Cathy, was let go from her customer service job a year ago. The couple used to earn about $50,000 a year. Now they have fallen behind on their mortgage and applied for food assistance.

"Three cars. College money. We went from that to poverty," Beaupre said. "I never thought I'd be in this sort of situation."

Beaupre has applied for scores of jobs, keeping him out of the pool of "marginally attached workers" who have given up looking and are no longer counted as unemployed by the government's primary measure of joblessness.

But the odds of finding a job have steadily gotten worse. In December 2007, there were about two unemployed workers for every opening, Labor Department data show. As of March, there were five for every opening. Beaupre found that out when he tried to go to a job fair in Providence two weeks ago. Three thousand people turned out.

"I couldn't even get into the parking lot," he said.

Recently, the sight of other middle-class refugees living in a tent city in town unnerved him, reminding him of how quickly his life has changed.

"We were doing okay," he said. "It's shocking. I don't know what to say. We are walking around in dazes."