Deceptive Job Recovery

Discussion in 'News / Current Events' started by targus, Mar 5, 2010.

  1. targus

    targus
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    The real unemployment rate released today by the Bureau of Labor Statistics of 16.8%, is much worse than the official 9.7% rate reported for February.

    The official unemployment rate only accounts for people who are out of work and actively seeking fulltime employment. The real rate, which takes into account part-time workers desiring full-time employment and discouraged job seekers, is a more accurate indicator of the labor market

    http://www.commondreams.org/newswire/2010/03/05-11

    Here is a flow chart that puts it in perspective... http://www.mint.com/blog/finance-core/a-visual-guide-to-the-financial-crisis-unemployment-rates/
     
    #1 targus, Mar 5, 2010
    Last edited by a moderator: Mar 5, 2010

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