Tuesday, 20 July 2010

The Jobless Effect: Is the Real Unemployment Rate 16.5%, 22%, or. . .?

Mayur's polls continued to find much worse figures. The June poll turned up 27.8% of households with at least one member who's unemployed and looking for a job, while the latest poll conducted in the second week of July showed 28.6% in that situation. That translates to an unemployment rate of over 22%, says Mayur, who has started questioning the accuracy of the Labor Department's jobless numbers.
http://www.dailyfinance.com/story/careers/what-is-the-real-unemployment-rate/19556146/?sms_ss=email


[Posted at the SpookyWeather blog, July 20th, 2010.]

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