American Samizdat

Tuesday, December 30, 2003. *
The official unemployment rate in the United States sits at 5.9%. But as this article from the LA Times notes, the true rate is around 9.7% if you factor in the underemployed and those that have stopped searching for work.

This more comprehensive calculation is sometimes referred to as the U7 rate.
posted by Bill at 3:59 AM
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