This is the unemployment situation the U.S. can expect soon...

Our unemployment is 6.1% right now (keep in mind those figures are understated by our government), however, given the magnitude of this financial meltdown we should easily begin hitting the unemployment rates seen in Europe (which are north of 7%).

The biggest increase in unemployment came in Ireland, which already is in recession, where the rate rose to 6.2 percent in August from 5.9 percent in July.

Spain -- slowing after its housing bubble burst, hitting the construction sector -- saw unemployment rise to 11.3 percent from 11.0 percent.

The euro zone's second-biggest economy, France, saw an increase in the jobless rate to 8.0 percent from 7.8 percent. The biggest, Germany, was the only country to report a fall in unemployment, to 7.2 percent from 7.3 percent.