Friday, August 12, 2011

How different is "real unemployment" from labor statistics ped along by the media? What is the real number?

I'm not sure of the numbers but I know that real numbers are frighteningly higher than the numbers we're given. Students, people who gave up, underemployed part time minimum wage workers looking for real work, and many other groups aren't counted. Only those actively collecting UE benefits and who are actively looking and don't have a job are counted. I think people would sh!t their pants if real numbers were reported on a daily basis.

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