Longest Stretch of 7.5% unemployment rate in USA history

[jamesbond]

Since January 2009, the United States has seen 54 straight months with the unemployment rate at 7.5 percent or higher, which is the longest stretch of unemployment at or above that rate since 1948, when the Bureau of Labor Statistics started calculating the national unemployment rate.

Today, BLS reported that the seasonally adjusted national unemployment rate for June was 7.6 percent, the same it was in May. In the Obama era, the unemployment rate peaked at 10.0 percent in October 2010. It did not dip below 9 percent until October 2011, when it hit 8.9 percent.

You can read the full article here:

http://cnsnews.com/news/article/54-mont ... -continues

[Think Different]

Anyone paying attention knows that the real unemployment rate in the US, called the U6, is closer to 17%. It's higher than most European countries. The problem is that they don't use the same statistical pool nowadays for measuring unemployment, as they did in the past.

Also, the 7.5% rate is obviously false, because a related report that came out on 6 July 2013 stated that only 47% of Americans are fully employed. So, you can see the math doesn't work. To the government, an engineer working at McDonalds part-time is now considered "employed". There are also 40 million Americans who have just dropped out of the labor pool, because they've completely given up hope of ever finding work. Those 40 million aren't counted in the unemployment rate either.

See here for more:

http://www.shadowstats.com/alternate_da ... ent-charts

[zboy1]

Left by the Recovery, Inner City Teens Struggle to Find Jobs