Bill Humbert's Blog – October 2012 Archive (1)

True Unemployment Rate on 10/5/2012 is 14.7%

This morning it was widely reported that the "unemployment rate" dropped to 7.8% - and that most of the drop was "the fact that many people simply stopped looking for a job."  That comment is very disrespectful to unemployed people who are working harder than ever to find a job.



The rate that is reported as the unemployment rate by the Bureau of Labor Statistics…

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Added by Bill Humbert on October 5, 2012 at 11:30am — 8 Comments

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