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That is, for one key stat, it&#39;s still moving in the wrong direction.  Despite the lowest drop of the year in non-farm payrolls (216,000, below the predicted 233,000), the unemployment rate for August hopped up 0.3% to 9.7%.  (Note that job losses are measured through company activity, while the unemployment rate is based on a survey of households.)  Maybe June and July were part of the problem: The Bureau of Labor Statistics job loss estimates for the two months were revised upward by 20,000 and 29,000, respectively. &lt;p&gt;The modern-day record, in terms of the unemployment rate, is the 10.1% we achieved in June 1983.  We&#39;re fast approaching the supposed peak of 10% provided earlier in the year by economists, and everyone is wondering, &quot;What&#39;s over that next hill?&quot;  The media has long reminded us that employment gains will lag improvement in the rest of the economy, but no one is quite sure just how &quot;laggy&quot; we&#39;ll end up.  Most educated guessers agree that, even in the best of all possible worlds, we won&#39;t start adding jobs (or at least offset losses) until early 2010.  According to Michael Feroli, a JPMorgan Chase economist quoted by the New York Times, &quot;It&#39;s going to be a long, long time before we see 6 percent or 7 percent.&quot;&lt;/p&gt;&lt;p&gt;Incidentally, congratulations are in order to the 34% of you that took our poll and correctly predicted the unemployment figure would land above 9.6%.  (Only 23% were optimistic and expected a decline.)  Pink Slipped has no prizes for the winners, though; you&#39;ll have to console yourselves with the (questionable) bragging rights. &lt;/p&gt;&lt;p&gt;&lt;b&gt;&lt;em&gt;--Posted by Todd Obolsky, Vault Staff Writer&lt;/em&gt;&lt;/b&gt;&lt;em&gt;&lt;/em&gt;&lt;/p&gt;&lt;p&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/TODDO13/folders/Jing/media/876f6617-d3de-482d-adb4-973a3b81596c/2009-09-04_1151.png&quot; width=&quot;229&quot; border=&quot;0&quot; height=&quot;352&quot;&gt;&lt;/p&gt;

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