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Tuesday, July 7, 2009

Info Post
New unemployment data shows how the true unemployment rate may be significantly higher than what is being reported, possibly as high as 20%. It would appear that administrations, past and present, have manipulated the way the unemployment rate is calculated making direct correlations from past to present difficult. I have always questioned how the unemployment numbers factored in all the different unemployment scenarios, including those capable working but not wanting to be employed to those no longer actively looking due to a loss of hope. 1 in 5 is a big number and is a little closer to what I am personally experiencing than 1 in 10.

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