Monday, May 11, 2009

Unemployment is 15.8%, not 8.9%

From the WaPo:

This morning's news that U.S. unemployment has hit 13.7 million, pushing the rate to 8.9 percent, tells only half the story of this recession.

The total number of Americans who are not working full-time but ought to be is actually about 22 million, or 15.8 percent, according to the Bureau of Labor Statistics.

Who are those other 8.3 million Americans? Call them the unofficially unemployed.

Read more.

Tim White


Anonymous said...

They don't count partially employed-or people who have exhausted benefits into their figures so you are correct Tim.

Anonymous said...

The Mainstream Media are now going to play "Baghdad Bob" about the state of the economy until they lsoe their own jobs because no one is advertising.