CA Claims Unemployment Rate is 10.9%–When You Ignore Long Term Unemployed

The real California unemployment rate is north of 20%.  That is when you include the long term unemployment, those who have run out of benefits, the discouraged who have stopped looking and those with part time jobs wanting full time jobs.
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One Response to CA Claims Unemployment Rate is 10.9%–When You Ignore Long Term Unemployed

  1. Minta Pfister says:

    On an annual basis, the available job pool in the corporate world is shrinking by 3-5% every year. At the same time we are continuing in the US to train people to work in this system creating a declining job pool, with more people being trained to fill jobs that are disappearing creating huge unemployment. So why are we continuing to train people for jobs that won’t exist? Today the unemployment rate is running around 7.8%, but if we calculate that number in a real sense the number is closer to 15%. How you ask? We don’t count someone as unemployed if they haven’t looked for a job during the last 30 days. Tell that to those who can’t find a job in their field who are unemployed by the true definition.;

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