What’s the REAL unemployment rate? It’s scary.March 11, 2012
I heard Rush Limbaugh – yes, that eeeeevil Rush Limbaugh – mention a piece by James Pethokoukis in The American that lays out what the real unemployment rate is – not 8.3, but closer to 9.5-10.4, depending on who is counted in it. Rather than going through all of that right here, just go read it. You may also want to read some of the comments. Usually, comments on a piece like this might be funny, but are usually wrongheaded and often just stupid. There are actually some very insightful comments following this post, and some even present their data or sources.