Forecasters: Economy worse in ’09, better in ’10 (AP)

People seeking work register for the Employment Guide job fair in Westminster, Colorado, February 18, 2009. Hundreds of unemployed came looking for a new job. (Rick Wilking/Reuters)AP – Brace yourself: The recession is projected to worsen this year. The country stands to lose a sizable chunk of economic activity in 2009 as consumers at home and abroad retrench in the face of persistent economic troubles. And the U.S. unemployment rate — now at 7.6 percent, the highest in more than 16 years — is expected hit a peak of 9 percent this year.

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