Yes it appears that unemployment is getting worse. Workers are clinging to their current jobs out of fear or necessity.
Hiring remains very slow. There are workers who would change jobs and hopefully get better jobs if they moved,
but many homes are no longer worth the amount owed on them.
Tax overheld is a beast! They really neeed to take their time in working a competative tax code for business and how it will affect the economy without politics. Cutting will help busineses long term but now short term.
As we saw by the bank bail-outs wealthy corporation will give more bonuses to their principle officers before using the money for new employees or increased wages or lower prices on their goods.
There is a lot of confusion / differing beliefs out there about what effect the corporate business tax has on a company's ability to hire new employees. Some think that cutting the corporate tax would give companies more money with which to hire new employees or increase existing wages; others think that it gives companies more money to spend however they want - often resulting in gratuitous or luxurious spending.
I wrote an article about it that you can read here: How Would Cutting the Corporate Business Tax Rate Affect Unemployment?
Which side of the argument do you take? And why? Is this something we should be considering right now, seeing as how unemployment is only getting worse?