... the official reported unemployment rate should be reflective of labor market turmoil. In that sense, the unemployment rate as currently calculated more likely underestimates the struggle so many Americans face. The broader measure of unemployment was 16.5% for June. There are a lot of Americans who are so discouraged they have temporarily given up on finding work or can't get anything full time. The government doesn't consider them unemployed, even though they certainly are ...
A Few Comment Excerpts:
Timothy: All I have to say is what is wrong with these people ?! Do they think that what unemployment is giving us to barely survive on is great living to the point that one wouldnt want to look for work ? Are you kidding me ? I am not even getting by ! I have lost 2 homes 2 cars and demolished my credit and everything i have worked for my entire life ! So No I am not overjoyed about being on u/i. People are starving while [politicians] went on break and I find that very sad !
Jessica: The people that they are talking about, that left the work force, are those that have exhausted all their benefits. The real, live, unadjusted unemployment rate is well above 14-15%. They keep adjusting the numbers to see fit... but the people know differently. I think that it is great that all these people think that living on the unemployment benefits, are just living high on the hog.... wow the stupidity continues to amaze me...
KCSam: Now I've heard it all. Unemployment benefits boosting the unemployment rate? Aren't we blaming the victim here?
