The ‘Real Unemployment’ Needs Real Solutions

“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.”

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