Unemployment
Schiff: We Have Less Unemployment, Only if You’re a Part-Time Bartender or a Waitress
On Friday, the Non Farm Payroll jobs numbers came out. There were 210,000 jobs added and the unemployment rate went down to 5.8% from 5.
Highly educated, unemployed and tumbling down
In the upside-down, topsy-turvy world of jobs these days, even an advanced degree can’t protect some Americans from tumbling down the economic ladder. The conventional wisdom that more education bears fruit in the labor market gets turned on its head when it comes to unemployment. For people with masters and even doctoral degrees, long-term unemployment is especially insidious.
Real U.S. Unemployment Rate Matches Great Depression Levels
If you look back to the Great Depression of the 1930’s, reported unemployment levels were 20.6% on the low end and 24.9% on the high end, according to different economists at the time.