Wednesday, September 10, 2014

Misleading Average Unemployment Numbers


                       
Average unemployment numbers are what we get, covering all age groups. That average can consist of different classes, each of which is affected differently. Classifications contain teens up to age 25. Or all adults 25 and older. Or high school graduates, or college graduates; all skilled and unskilled.
                       
The adjusted unemployment rate now is closer to 12%, not the little over 6% reported by the media and the government. The youngest job- seekers are suffering the most from the current economy, at over 20%. (See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)

No comments:

Post a Comment