Monday, March 22, 2010

Unemployment Rate at 20%

And if you think Obamacare won't confound this fact, I've got some prime land in the Florida Everglades to sell you.
According to a recent Gallup survey of underemployment (the "true" unemployment number) via Zerohedge, we are now at 20% underemployment and heading higher if this chart is indicative of anything. Apparently Gallup surveyed 20,000 people over 30 days and this is what they came up with.

Regardless if it's not consistent with the Department of Labor's official numbers, it's nonetheless quite frightening.

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