The Real Unemployment Numbers
The U.S. unemployment numbers are out today, and most headlines will show that the U.S. unemployment rate in November was 10.0 percent, down from 10.2 percent in October. That number is depressingly large, but even that under-counts the true number of unemployed. For instance, it doesn’t count those people who don’t have a job and have given up looking for one, or those who have found marginal part-time work but still can’t make ends meet and are still looking for a full-time job.
To explain who counts as unemployed and who does not, the folks at Mint.com created this video:
This is helpful – I’ve just learned I’m not really unemployed!
The Layoff List says:
The “Real” unemployment rate in the US is now 22%
One thing is for sure, the statistics compiled by the US Bureau of Labor Statistics leave a lot of people out. The real numbers of unemployed are much higher, and likely to continue to continue to grow.
Tags: unemployment
The United States joblessness rate went up again between July and August. It went from about 9.5 percent to 9.6 percent now. More employees than were expected were hired. I guess employers decided to hire. Many believe the joblessness figures are going up because U.S. Census careers have finished, the government has done layoffs and more individuals are searching for jobs once more. But private sector hiring increased for the eighth straight month. The Labor Department found out that more jobs were created and less were lost than were first shown in reports for June and July. They redid the reports. The optimistic aspects of the latest careers report are giving economists hope that the economy won’t relapse into a double-dip recession.
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