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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Unemployment results in a loss of human capital because workers who are unemployed for a long period of time lose their skills and knowledge. This can make it difficult for them to find new jobs when the economy improves.

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