Jobless Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read
The Economic Collapse Blog
Guess what? Unemployment is up again! That's right - even though Wall Street is swimming in cash and the Obama administration is declaring that "the recession is over", the U.S. unemployment rate has gone even higher. So are you enjoying the jobless recovery? The truth is that there should not be any talk of a "recovery" as long as the "official" unemployment rate remains at around 10 percent and the "real" unemployment continues to hover around 17 percent. There are millions and millions of American families that are living every day in deep pain because of the lack of jobs. Meanwhile, there are all of these economic pundits that are declaring that we are just going to have to realize that chronic unemployment is the "new normal" and that if other nations can handle high rates of unemployment then so can we. The most optimistic economists are projecting that we can perhaps get the unemployment rate down to around 8 percent by 2012. On the other hand, there are many economists that are convinced that things are going to get even worse...
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