If you’re out of work then you’re all too familiar with the unemployment rate – 9.5% and rising. But in the July 8th Wall Street Journal, Conor Dougherty reported on another jobs number that doesn’t get nearly as much attention – the Job Openings Rate. That’s the number of jobs actually available at any given [...]
The unemployment rate for May was released this week – 9.4%. Pretty miserable but fortunately not as high as the10.8% we hit in the recession of 1982, right? Well, actually no. Dig a little deeper and a more negative picture emerges.
The reason is that 9.4% reflects the core unemployment rate defined as [...]