Deciphering Misleading Unemployment Numbers

By: cmndr45 (Diary)  |  July 11th at 05:29 PM  | 

The most recent jobless numbers showed an unemployment rate of 9.2% – a really bad number, but the actual number is much worse, somewhere around 15%. The reason for the disparity is that the “official” rate (called “U-3″) does not include those who no longer receive unemployment compensation, as well as the millions of “discouraged” workers who have simply given up looking. You can get | Read More »