(un)Employment News

 (un)Employment News

The Bureau of Labor Statistics has released the jobless numbers for December 2010. This is a regular monthly exercise in statistical flim-flam, and the BLS knows it.

The meaningless unemployment rate in the headlines: 9.4%. The real unemployment rate: 16.7% (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). Learn more here.

 

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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