Unemployment at 10.2% is only those who actively seek work. The actual rate of those who are unemployed is likely closer to 20%. 1 in every 5 working-age Americans is out of a job.
(via muppetpants): Remember when Obama said that we could stop unemployment from reaching double digits by spending $1 trillion? Could you imagine going to a cobbler, having him tell you he could fix your shoes for $1000, and having the soles fall off shortly thereafter?
Not to support Obama or anything but unemployment only pertains to people who actively seek work. Figures don’t account for people who are out of work and not seeking employment because even if there was a surplus of jobs„ these people would not be apart of the general workforce. And most of the figure is inflated by the millions of retired people (who obviously, are not seeking work).
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