The headline unemployment rate of 9.8% is a bare bones measure that greatly understates unemployment. Government reporting agencies know this and report another unemployment number, known as U-6. This measure of US unemployment stands at 17% in September 2009.
When the long-term discouraged workers are added back into the total unemployed, the unemployment rate in September 2009 stands at 21.4%.
Paul Craig RobertsThe millionaire lobbyists, millionaire Congressmen, and the millionaire bureaucrats running Washington and the White House still think we are on the right track - after all they bailed out the banks and Wall street so most of their investments have recovered. By the time they get hit in the pocketbook the rest of us will be lower class
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