The New York Times reported in november 2008 that 240,000 additional people lost their jobs which increased the unemployment rate to 6.5 percent. In addition, it was noted that a large number of college graduates were "taking jobs that do not require a college degree." It was also expected that "teens will be thrown out of the labor market....causing youths to miss experience" that could help them prepare for higher- skilled jobs.
The article reflects the idea that unemployment is a problem because it results in

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The article notes that college graduates are taking jobs that do not require a college degree, which means they are not utilizing their full potential and skills. Additionally, teenagers being thrown out of the labor market means they are missing out on valuable work experience which could help them in their future careers. This results in a loss of human capital, which refers to the skills, knowledge, and experience of individuals that contribute to economic growth and development.

The New York Times Reported in November 2008 That 240,000