Unemployment: The Dirty Little Secret Everyone's Ignoring

Discussion in 'Economics' started by jficquette, Jan 10, 2010.

  1. "The unemployment rate might be stuck at 10 percent, but the more detailed numbers in the Department of Labor's Household survey data paint a more dire picture. The number of people with a job fell by 589,000 in December. Even worse, the number of people not in the labor force grew by an astounding 843,000 during just the last month. The Household survey data is what is used to measure the unemployment rate."