CEPR Says American Workers Are Enduring Longest, Highest Unemployment Since The Great Depression

[Omaha Steve]

http://www.laborradio.org/node/13831

Submitted by Doug Cunningham on July 8, 2010 - 5:05pm
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By Doug Cunningham

The Center for Economic and Policy Research says American workers are enduring the most prolonged high unemployment since the Great Depression. Researchers at the center say the severity and duration of this joblessness suggests that policy makers should consider new measures to slow or reverse this joblessness trend. Economists at the center says the true jobless rate in the U.S. is near 10.8 percent. After adjusting for the aging of the population since the early 1980s, the center says the current labor-market downturn has caused both higher unemployment rate and a longer time of unemployment over 10 percent than any other period since the depression.

[chaska]

1. 10.8% is ridiculously low. It doesn't account for prison populations or...

the military. That in addition to the usual uncounteds.