Business Insider Magazine - Los Angeles South Bay » The Washington Post http://www.businessinsider.us/BusinessInsider Business Insider Magazine is Your Business Publication for the Los Angeles South Bay Fri, 22 Jan 2010 09:03:45 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Truer U.S. unemployment rate is 17.5% http://www.businessinsider.us/BusinessInsider/2009/11/truer-u-s-unemployment-rate-is-17-5/ http://www.businessinsider.us/BusinessInsider/2009/11/truer-u-s-unemployment-rate-is-17-5/#comments Fri, 06 Nov 2009 23:19:30 +0000 Editor and Publisher http://www.businessinsider.us/BusinessInsider/?p=486 (The Ticker – The Washington Post) Each month, as regular readers know, I like to unpack the new unemployment number and get behind the data. The news this month continues to be grim. Indeed, it is climbing rapidly toward record-grim territory.

The official U.S. unemployment rate in October rose to 10.2 percent from 9.8 percent in September, the Labor Department’s Bureau of Labor Statistics reported Friday.

But the truer measure of unemployment — a total count of everyone who should be working full time but is not — hit 17.5 percent in October, the highest level in modern times.

The official unemployment number ... Continue Reading

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