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Below The Beltway » Broadest Measure Of Unemployment At Highest Level Since Great Depression

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Below The Beltway » Broadest Measure Of Unemployment At Highest Level Since Great Depression

For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now.

With the release of the jobs report on Friday, the broadest measure of unemployment and underemployment tracked by the Labor Department has reached its highest level in decades. If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression.

category: The Nation | clicked: 0 | | source: belowthebeltway.com | show counter code

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