That Sound You Hear Is The Social Fabric About To Snap

According to official statistics, the unemployment rate in the United States is now 9.8 percent. But those statistics understate the severity of the jobs crisis.

The official statistics do not include the 875,000 Americans who have given up looking for work, even though they want jobs. When these “marginally attached” workers and part-time workers are added to the officially unemployed, the result, according to another, broader government measure of unemployment known as “U-6,” is shocking. The United States has an unemployment rate of 17 percent.

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