MarketNeutral
23rd April 2010, 10:22 AM
A March survey from Pew shows just how broad the unemployment pain has been felt. When you hear of 10% unemployment, you might imagine 1/10th of Americans experiencing extreme financial stress from the recent recession.
Yet given the unemployment rate's odd methodology whereby it drops people who stop looking for work out of the data, and the fact that American households usually have more than one person, the real 'pain' number is 54% -- over half of American households felt the direct impact of job losses
http://www.businessinsider.com/fully-70-of-american-households-are-still-experiencing-financial-problems-2010-4#ixzz0lhcPBZDp
Yet given the unemployment rate's odd methodology whereby it drops people who stop looking for work out of the data, and the fact that American households usually have more than one person, the real 'pain' number is 54% -- over half of American households felt the direct impact of job losses
http://www.businessinsider.com/fully-70-of-american-households-are-still-experiencing-financial-problems-2010-4#ixzz0lhcPBZDp