Thursday, January 14, 2010

Nation's true jobless rate is closer to 22%

A huge number of unemployed folks who have given up looking for work because they feel the search is hopeless. Last Friday's report said 661,000 such people left the labor force in December.

If you count these hopelessly unemployed, the real jobless rate is probably close to 22 percent. If these all weren't such important issues, this would all be a big joke.


http://www.nypost.com/p/news/business/how_nation_true_jobless_rate_is_N4E6MjtfhnMcCi537pucaJ#ixzz0cbo1b7yR