Unemployment/Underemployment Rate is Now at 17.5%

The New York Times ran an article on Friday that reciting a Department of Labor statiistc that adds the rate of underemployed to the unemployed. This rate is an ominous 17.5 %, or one out of every six workers. The NYT believes that this is the highest rate that we have seen since the Great Depression. Toward the end of the article, the author observes a strange characteristic of our present-day severe recession, making it oddly different from the Great Depression — the fact that workers who remain fully employed are doing better than in other recent recessions.

Read the source article here: http://www.nytimes.com/2009/11/07/business/economy/07econ.html?_r=2

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