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If you count the long-term unemployed, the number of discouraged workers has grown. U6, which only counts those who are discouraged and have been unemployed le
by billswift 14y ago
If you count the long-term unemployed, the number of discouraged workers has grown. U6, which only counts those who are discouraged and have been unemployed less than a year, hasn't risen, but other unofficial counts that include those unemployed for more than a year has.
In fact, by some unofficial counts, like this one http://www.opednews.com/articles/Real-Unemployment-at-23--by-Michael-Collins-120909-358.html http://www.opednews.com/articles/Real-Unemployment-at-23--by... , total unemployment may be as high as 23% right now. Nor is this the only one, this sight is pretty lefty, two recent essays on the conservative site VDare.com have given similar estimates (22%) for current total unemployment.
- GFKjunior 14y agoI think that number is very reasonable. Zerohedge.com is very libertarian and they also use the 23% number provided by shadowstats.