That's horrifying. Incidentally, David Rosnick is one of the world's most renowned economist and his opinions should be taken very seriously.
Unemployment Has Topped 10.5 Percent for 18 Months | CEPR Blog: "The official unemployment rate is a fine statistic as far as it goes. As unacceptable as 9.8 percent unemployment is on its face, it understates the historical depth of trouble in the labor market today. The U-6 alternative measure of unemployment is at 17.0 percent—more than 1 in 6 workers who have not completely dropped out of the labor force are unemployed or underemployed. Only 58.2 percent of the population age 16 and over are employed — the lowest rate of employment since the summer of 1983."
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