by Summary:
You can see it here: This is from the Shadowstats.com site.The official US unemployment statistic most frequently used in the media is U-3. But U-3 excludes short-term discouraged workers, marginally-attached workers, and those who want full-time work but cannot find it and are forced to make do with part-time or causal work.U-6 includes these types of people, and, by U-6, US employment in 2016 stands at 10%.But it is worse than this, because there are long-term demoralised and discouraged people who have given up looking for work but could be encouraged back into the labour force if jobs were available. Once these people are added to the data, US unemployment probably stands at something like 23%. This is a total catastrophe and proof of the miserable failure of neoliberalism.
Topics:
Lord Keynes considers the following as important: real level of US unemployment
This could be interesting, too:
You can see it here:You can see it here: This is from the Shadowstats.com site.The official US unemployment statistic most frequently used in the media is U-3. But U-3 excludes short-term discouraged workers, marginally-attached workers, and those who want full-time work but cannot find it and are forced to make do with part-time or causal work.U-6 includes these types of people, and, by U-6, US employment in 2016 stands at 10%.But it is worse than this, because there are long-term demoralised and discouraged people who have given up looking for work but could be encouraged back into the labour force if jobs were available. Once these people are added to the data, US unemployment probably stands at something like 23%. This is a total catastrophe and proof of the miserable failure of neoliberalism.
Topics:
Lord Keynes considers the following as important: real level of US unemployment
This could be interesting, too:
This is from the Shadowstats.com site.
The official US unemployment statistic most frequently used in the media is U-3. But U-3 excludes short-term discouraged workers, marginally-attached workers, and those who want full-time work but cannot find it and are forced to make do with part-time or causal work.
U-6 includes these types of people, and, by U-6, US employment in 2016 stands at 10%.
But it is worse than this, because there are long-term demoralised and discouraged people who have given up looking for work but could be encouraged back into the labour force if jobs were available. Once these people are added to the data, US unemployment probably stands at something like 23%. This is a total catastrophe and proof of the miserable failure of neoliberalism.