Sunday, August 5, 2012

The ' REAL ' Jobless Rate: 17.5% of Workers are Unemployed ..

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.
"Unless you create another bubble in which the economy can create jobs, then you're not going to have growth. That's the sad truth."

The 'Real' Jobless Rate: 17.5% of Workers are Unemployed - CNBC: CLICK  FOR  MORE..

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