Journal: US Unemployment 20-30% Not 10%

Collective Intelligence

John Williams' has unemployment above 20 %:

Shadow Government Statistics : Home Page

There's a graph on that page that compares U-3, U-6, and SGS measurements of unemployment.

University study shows true jobless rate at 30.5 percent –

“YOUNGSTOWN – A model for tracking America's true joblessness puts the nation's figure at 30.5 percent in August, not the official 9.6 percent, a Youngstown State University labor analyst said Friday.

The YSU report shows the need not only for more government stimulus spending but also for a national industrial policy that includes tariffs and incentives to encourage business research and development, said John Russo, co-director of YSU's Center for Working-Class Studies.

Russo urged “a lot more money” for job training and greater investment to repair aging roads, bridges and other infrastructure, along with a program to encourage companies to hire and keep their business in the U.S…”

IIRC, anyone unemployed for one year plus one day falls off the unemployment rolls.

Tip of the Hat toOldTulsan 38 minutes ago (7:42 PM) at Huffington Post.

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