Whats the true American unemployment level? Try 14.8%

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Whats the true American unemployment level? Try 14.8%

The publicly released unemployment figures deliberately omit entire populations of people who are unemployed, or underemployed.

For example when you add people who are unemployed and NOT looking (discouraged) the rate climbs from 8.1% to 8.5%.

Now, how about "marginally attached workers"? "Marginally attached workers" include those who are not currently looking for work, but have attempted to look for a job sometime in the recent past and would take a job if offered.

"Marginally attached workers" are not included in the "official" unemployment number because they have not looked for work in the past 4 weeks.

If we add "marginally attached workers" to the "official unemployment" number for February, then we are rise to 9.3%.

If you include people who have been forced to take part-time jobs for economic reasons, people who want (and need) full-time work, but aren't able to find it, so they take a part-time job instead. The level rises to 14.8%.

So 14.8% of workers in America want work and either cannot find it, are discouraged from looking, or are forced to take part time work although they want full time work.


Fascinating figures, with more information on the link
 http://www.davemanuel.com/2...
By netchicken: posted on 7-3-2009








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