by Reb Akiva @ Mystical Paths
It’s hard to judge “mood on the street”, so my U.S. readers will have to tell me if what’s displayed above is understood.
Here’s the key: 58% of working age Americans are working, meaning 42% of working age Americans ARE NOT WORKING. Now I’d call that a 42% unemployment rate.
The U.S. government calls that an improvement, an 8.5% unemployment rate.
How do they figure an 8.5% unemployment rate? Officially if you haven’t worked in a year, you’ve ‘chosen’ not to return to work and should not be considered part of the workforce. Note this is for statistical purposes only. For unemployment purposes you can continue to get unemployment assistance for 2 years. Meaning the labor statistics department says you’re permanently unemployed and not worth counting if you haven’t worked full time in a year, while the unemployment compensation department says as long as you’re still looking for a job after 2 years you’re not permanently unemployed.
And the unemployed people and partially employed people (such as my sister-in-law who’s employer cut her to 4 days a week a year and a half ago) who are struggling to survive say WHAT?
It’s taken 3 years but even CNN is starting to point it out. Does that mean people are starting to understand?