Wednesday, December 2, 2009

Unemployment--a sliver of hope

At this guy's blog, I learned that the real unemployment rate for the US is now 22%. However, at the end of his piece, he was kind enough to let us know that it could be worse.

From the article:

A sliver of good news, according to John Williams, is that during the Great Depression the SGS Alternate measure of unemployment would likely be near 34%. Let’s hope our elected “representatives” don’t aim for those lofty unemployment levels.

I feel better already.

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