The ‘Real Unemployment’ Needs Real Solutions
January 12, 2010
Quick links+
“Everyone agrees that the recession is over,” said Larry Summers, President Obama’s top economic advisor, on December 13.
Yet December’s unemployment numbers announced last Friday suggest otherwise — especially the ‘real unemployment’ figure.
According to the Bureau of Labor Statistics the official unemployment rate is 10%, a figure which itself caused a major headline to blare, “U.S. Job Losses Dim Hopes for Quick Upswing.”
To read the full article click here.
