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| Name: |
lotowner
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| Subject: |
Real "Jobless" Rate
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Date:
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11/23/2009 8:19:23 PM
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Just read this article on Drudge.
The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed.
According to the government's broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number is at the highest rate since becoming an official labor statistic in 1994.
The number dwarfs the statistic most people pay attention to—the U-3 rate—which most recently showed unemployment at 10.2 percent for October, the highest it has been since June 1983.
The difference is that what is traditionally referred to as the "unemployment rate" only measures those out of work who are still looking for jobs. Discouraged workers who have quit trying to find a job, as well as those working part-time but looking for full-time work or who are otherwise underemployed, count in the U-6 rate.
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| Name: |
water_watcher
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| Subject: |
Real "Jobless" Rate
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Date:
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11/23/2009 8:43:16 PM
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Thanks to Obama's policies he gets to set new records ... finally an accomplishment ... not something to be proud of, but he will go down in history with this record ... hopefully not broken until some other inexperienced liberal gets in the whitehouse promising hope and change.
Lets at least keep them in our prayers this Thanksgiving.
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