Jan
18
Unemployment - It’s Worse Than You Think
The figure being published is 7.2%. As is that weren’t bad enough. But actual joblessness is worse than unemployment figures indicate. The real value is 13.5%
Notable Quote:
“The official unemployment rate is 7.2%. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is.”
http://globaleconomicanalysis.blogspot.com/2009/01/jobs-contract-12th-straight-month.html
