Saturday, September 08, 2012

Those Jobless Numbers Are Even Worse Than They Look

Mortimer Zuckerman: Those Jobless Numbers Are Even Worse Than They Look - WSJ.com
They are working part-time only because they've been unable to find full-time work.
This involuntary army of what's called "underutilized labor" has been hovering for months at about 15% of the workforce.
Include the eight million who have simply given up looking, and the real unemployment rate is closer to 19%.

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