It is likely that the unemployment rate is going to hit 10 percent when the next monthly report comes out on Friday. That is 1 in 10 people without a job (in fact it is worse because the official statistics significantly undercount). Now we have had some growth in the economy last quarter, but a non-trivial portion of that was attributable to increased military spending and the cash-for-clunkers program, and, as Krugman points out, at a modest rate of growth it historically takes a long time ...