The official jobless rate excludes millions of people who have given up looking for work and part-time workers who want to be working full time. Full Story »
Posted by Kaizar Campwala - via OneRiot, Google News (Business), New York Times (Most Emailed)
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Informative report about the impact of the "Great Recession" on the job market. This analysis compares current jobless rates to previous recessions, providing good factual evidence to suggest that the 17.5% of unemployed or underemployed Americans is now the highest since the Great Depression. This short article relies primarily on statistics from the Labor Department, and doesn't provide independent perspectives to interpret this data.
I have heard about this topic for a long time on AirAmerica, particularly from Robert Reich and Paul Krugman (NYTimes) so I was excited to see it written again how many more people are truly unemployed than the 10.2% than is reported. It was written concisely, succinctly, and on the Economic Page.
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