The
media persists in relating unemployment figures which are inaccurate,
yet uses them as if they were gospel. And the media consistently
fails to remedy the error.
You cannot include in unemployment figures those who have given up looking for work, and or, for some reasons, have left the labor force. And not make a distinction between full-time and part-time or temporary workers.
The labor force participation rate in the year 2000 was well over 66%. It’s now below 64%. The U.S. has gained population in a decade but has lost millions of workers.
It’s about time Uncle Same reported that true unemployment figure, which today is slightly under 15%, not just over 8%. (See the Earl J. Weinreb NewsHole® comments.)
You cannot include in unemployment figures those who have given up looking for work, and or, for some reasons, have left the labor force. And not make a distinction between full-time and part-time or temporary workers.
The labor force participation rate in the year 2000 was well over 66%. It’s now below 64%. The U.S. has gained population in a decade but has lost millions of workers.
It’s about time Uncle Same reported that true unemployment figure, which today is slightly under 15%, not just over 8%. (See the Earl J. Weinreb NewsHole® comments.)
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