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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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.
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…