A nice, albeit grim, summary of the current economic outlook by Christian E. Weller of UMass Boston for the Center for American Progress (CAP) (full pdf report with graphs can be found here):
GDP growth turns negative
Job losses accelerate
Broad rise in unemployment rates
Hours at work at historic low
Wages still up due to low inflation
Benefits decreased before the crisis
Family wealth disappears at record pace
The housing market stalls
Homeowners' wealth losses mount
Mortgage troubles mount
Families feel the pressure