Big Jobless Picture Bleaker Than 7.2% -- Beneath the Numbers Lies Hard Truth

Summary


7.2 percent.

The headline unemployment rate for December is the number every TV newscaster, economic blogger and talk-radio host focused on when the government released its latest employment report Friday. That rate, the highest in 16 years, translates into 11.1 million Americans without jobs.

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Big Jobless Picture Bleaker Than 7.2% -- Beneath the Numbers Lies Hard Truth

But 7.2 percent doesn't capture how many people are out of work. By another measure - from the same emp...

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