As we approach the holiday season, many Americans are out of work. It doesn’t matter if they’ve been naughty or nice. The meaningless unemployment rate in the headlines: 9.8%. The real unemployment rate: 17% (includes people who no longer get unemployment benefits, need work but have stopped looking because it’s futile, or have only found part-time work).
Congress put coal in the well-darned Christmas stockings of many unemployed Americans. It failed to extend jobless benefits.
Image (“Santa Got Laid Off!”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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