From MarketWatch.com:
As of May, 23.5 million Americans either want a job, or want to work full-time but can’t because of the weak economy.
This “army of the unemployed” is down nearly 5 million from the peak of 30.4 million four years ago, but it’s up 7.5 million from the pre-recession level of 16 million.
That means the “real” unemployment rate is about 14.5%, compared with a low of around 10% just before the recession hit.
This includes all the people who are looking for work, plus those who aren’t looking but say they want a job, plus those who are working part-time but want a full-time job...
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Link: http://www.marketwatch.com/story/the-most-important-number-in-the-jobs-report-2014-06-06
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