Excerpt:
According to a jobs report released in Friday by the Bureau of Labor Statistics, the official unemployment rate in the U.S. in Oct. 2009 is 10.2%. A broader measure that takes into account workers that have given up job seeking or are underemployed puts it at 17.5%.
The unemployment rate calculates only the amount of workers that are receiving unemployment benefits and are actively seeking work. It does not take into account those who have dropped off of unemployment benefits and those who are working part time jobs to make ends meet.
When those workers are taken into consideration, the rate is as high as 17.5% nationwide and over 20% in some states.
While the measures that have been taken do help, it is becoming obvious that the key to recovering from the recession is to stem the tide of job joss and create more jobs. There is no such thing as jobless recovery, unless of course, you work on Wall Street.
Read more here: http://www.examiner.com/examiner/x-23316-Madison-Independent-Examiner~y2009m11d7-Unemployment-rate-hits-102-but-broader-measures-put-it-at-175