Saturday, May 4, 2013

NYT: Real Unemployment at 21.9 Million

 

Consider the following: according to the Labor Department, the U.S. added 165,000 jobs in April, but to return to pre-recession employment levels, the U.S. would need to add 208,000 jobs a month over seven years.

The government officially recognizes 11.7 million individuals as being unemployed. But as the New York Times notes, including “those who are underemployed—that is, adding in those workers who are part-time but want to be employed full time, and workers who want to work but are not looking—brings the total up to 21.9 million."

NYT: Real Unemployment at 21.9 Million

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