[lbo-talk] FW: Today's Papers: unemployment

Devine, James jdevine at lmu.edu
Mon Dec 29 07:30:28 PST 2003


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> From Microsoft SLATE's daily summary of major US newspapers:


>A frontpage LA [TIMES] piece reminds that the real unemployment rate is
higher than the official one, which is 5.9 percent. About five million workers are part-time but want to be full-time, the highest number in a decade. Another 1.5 million aren't looking for work because they're "discouraged." The LAT adds them up and gets an unemployment rate of 9.7 percent, up from 9.4 percent a year ago. And that doesn't take into account the growing number of people who are going on disability as a kind of alternative to welfare.<

J. Devine



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