And, frankly, this is only the folks who are collecting: ["467K Jobs Cut In June; Jobless Rate At 9.5 Percent"].
At this point, all the people who have fallen off the rolls, because they have been out of work for more than a year, are no longer counted. I would bet that the un- and under-employment numbers are probably around 20 percent, maybe more.
I recall an article in the Boston Herald back in 1992 that had the real unemployment rate - which included people collecting, people out of work, people in part-time jobs who couldn't find full-time jobs - was around 30 percent. It was based on some study that was performed by some think tank. I don't remember exactly since it was so long ago. However, times were not as bad then as they are now. So, who knows what the number potentially is.
At this point, all the people who have fallen off the rolls, because they have been out of work for more than a year, are no longer counted. I would bet that the un- and under-employment numbers are probably around 20 percent, maybe more.
I recall an article in the Boston Herald back in 1992 that had the real unemployment rate - which included people collecting, people out of work, people in part-time jobs who couldn't find full-time jobs - was around 30 percent. It was based on some study that was performed by some think tank. I don't remember exactly since it was so long ago. However, times were not as bad then as they are now. So, who knows what the number potentially is.
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