Under a broader definition of joblessness, some states have rates higher than 20 percent. This rate includes part-time workers who want to work full time, as well some people who want to work but have not looked for a job in the last four weeks. (See map with each state % rate.)
Continue Reading Broad Unemployment Across the U.S.
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Yes, indeed. Times, they are a changin. No doubt. For the naysayers…and you know who you are… better take a second look at the data and hold on. You are about to go down the rabbit hole…
Economists like Walter “John” Williams and trends researcher Gerald Celente have argued the real unemployment rate isn’t 9.5% but actually 16%. The BLS isn’t accounting for the under-employed, unemployed not looking for work, and the unemployed who have exhausted their benefits.
I’m halfway through Panzner’s Financial Armageddon. What a terrifying book! If he is right then Americans are in for some really rough times.