Monday, January 23, 2012

The More Important Unemployment Numbers

Forget the usual unemployment figures you get from the U.S. Dept. of Labor. There are more important statistics that the ones the media decides to put out each month.

Here are two: Labor Force Participation Rate and the Long-Term Unemployment figure.

They’re more important in many ways, both psychologically for the country as a whole, and in the households affected by the lack of jobs for those who want to work at a full-time, steady job.(See the (Earl J Weinreb NewsHole® comments.)

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