Sunday, October 24, 2010

Via Instapundit: The 60 Minutes TV show states categorically that unemployment in California is actually 22%, not 10%. This includes both the underemployed and those who have quit looking for work (and so are not counted in the "official" unemployment rolls).  The national unemployment rate is 17.5% under these same criteria.

60 Minutes also says that one-third of unemployed persons nationwide have been out of work for a year or more (and that includes me), something that hasn't happened since the Great Depression.

Aha! I'm not alone! Although it sure feels that way sometimes.

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