JBeukema
Rookie
- Banned
- #1
Ever get the feeling that things are a lot worse than everyone is letting on?
Officially the unemployment rate is 9.6%, but there's a lot more people out of work than that. If you add on top of that people who have dropped out of the labor-force, as well as people who work part-time but would prefer full-time if they could get it, AND people who have been out of work for over a year, as economist John Williams has done, you get a whopping 22.5% underemployment rate for September.
U.S. : The Real Underemployment Figure Is 22.5% | World News |Axisoflogic.com
Perhaps it should clarify 'un-and under-employed?