Real US unemployment rate at 16 pct: Fed official

[DogtorEvil]

http://www.breitbart.com/article.php...show_article=1

A job seeker looks over the employment bulletin board the New York State La...

The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday.
"If one considers the people who would like a job but have stopped looking -- so-called discouraged workers -- and those who are working fewer hours than they want, the unemployment rate would move from the official 9.4 percent to 16 percent, said Atlanta Fed chief Dennis Lockhart.

[DogtorEvil]

of course it's only one guy, but there are others who claim the same thing

[Guisslapp]

I am working more hours than I want.

[DogtorEvil]

I am working more hours than I want.

I want to get paid what I'm getting paid, but not have to work at all. It's not fair.

[Guisslapp]

I want to get paid what I'm getting paid, but not have to work at all. It's not fair.

I don't want to have to work more so other people can get by working less.

[DogtorEvil]

I don't want to have to work more so other people can get by working less.

Get used to it.

I did a quickcalc today gues-timating what the increase in taxes I'll be paying one the Bush tax cuts expire, SS limit goes away, etc., etc.

Wasn't pretty.

[Guisslapp]

Get used to it.

I did a quickcalc today gues-timating what the increase in taxes I'll be paying one the Bush tax cuts expire, SS limit goes away, etc., etc.

Wasn't pretty.

Yeah, it is nice when you pass the SS limit. Feels like you get a raise.

[bulldog_in_baton_rouge]

http://www.breitbart.com/article.php...show_article=1

A job seeker looks over the employment bulletin board the New York State La...

The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday.
"If one considers the people who would like a job but have stopped looking -- so-called discouraged workers -- and those who are working fewer hours than they want, the unemployment rate would move from the official 9.4 percent to 16 percent, said Atlanta Fed chief Dennis Lockhart.

It all depends on what sector you are working in...