Tuesday, October 19, 2010

Real Unemployment Figures

Real unemployment is well above the government number at about 9.5 percent. One reason: Over 1.2 million people have given up hope of finding work and have left the labor force in recent months.

There are at over 14.5 million Americans searching for jobs: almost 1.5 million jobless for more than 99 weeks, and over 6.6 million jobless for over 27 weeks.

This is a far more serious statistic that what is routinely thrown at the public by Washington’s official bureaucracy.

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