Friday, March 6, 2009

The Real Unemployment Number

As I've mentioned in a previous post, I really like NPR's Planet Money podcast and blog for explaining the economy. Today, when new unemployment numbers were released, they posted this on their blog. If you don't want to click on that link, the final sentence of their post is: "For now, the broadest measure of unemployment stands at 14.8 percent." 14.8% A staggering number. Almost 3 people out of 20 either unemployed or underemployed.

I am extremely grateful to have a full-time job AND a part-time job. And I am also grateful that Einar has gotten full-time work. But I cannot stop thinking about those people who are affected by this economic crisis. It is hitting close to home. And economists are predicting it'll be 2010 before we see real change.

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