Saturday, January 10, 2009

Unemployment and Underemployed Rate Is Really 13.5%

The December Unemployment Numbers were released yesterday indicating that the economy shed another 524,000 jobs during the month of December according to the Philadelphia Inquirer. The resulting unemployment rate is 7.2%, while the combined unemployment and underemployment rate is a staggering 13.5%. Among sectors, education/health and government are the only sectors that are adding jobs.

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