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19% unemployed, Mortimer Zuckerman: Those Jobless Numbers Are Worse Than They Look-Closer To 19%
But, we all know that the government never lies. On either side..
They are working part-time only because they’ve been unable to find full-time work. This involuntary army of what’s called “underutilized labor” has been hovering for months at about 15% of the workforce. Include the eight million who have simply given up looking, and the real unemployment rate is closer to 19%.
In short, the president’s ill-designed stimulus program was a failure. For all our other national concerns, and the red herrings that typically swim in electoral waters, American voters refuse to be distracted from the No. 1 issue: the economy.
Reblogged this on THE SURF REPORT.