Here is a video report on the news that the U.S. Unemployment rate remains at 10% after a worse than expected Jobs Report for December. The U.S. Economy lost 85,000 jobs in December even though expectations were that jobs would be added during the month.
The report indicates the economy is in a "Jobless Recovery."
I am no economist, but January and February could be a time when layoffs take place after the Holiday Season. You would have thought December would show job growth just with the temporary retail jobs typically added. I would be surprised if things improve anytime soon.