Wednesday, September 11, 2013

Unemployment - Officially 7.3%; Truthfully 23.5%

LEGOS Patent ENDS
Thousands seeking new placement.

As in previous months new jobs in the economy provide lower wages and no benefits.  Factoring in those who have quit looking for work, and those who are underemployed or employed less than full time, the Shadow UI rate continues to exceed 20%. Sidebar: given lower wages and increasing productivity, American workers have become as competitive economically as overseas workers, though business still goes abroad.  


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