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View Diary: Crunch. Another rotten jobs report. U6 surges to 17.1% (233 comments)

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  •  The headline should be about discouraged workers (9+ / 0-)

    If the labor force grew by 223,000 and 95,000 people lost their jobs, but the unemployment "rate" stayed steady at 9.6%, that has to mean that a lot of people have given up looking and are no longer counted as unemployed under U-3, and the U-6 number of of 17.1% would seem to confirm that.

    Having millions of working-age adults giving up all hope of finding another job is totally unacceptable if we are to have a prosperous and productive society.

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