The Obama Administration and the rest of the country ignores so much more to our detriment around the unemployment issue. For more than 70 years, we’ve calculated unemployment merely through looking at unemployment claim and unemployment check numbers. The actual unemployment rate — all able-bodied people looking for work yet can’t find any — is close to double the official number (according to numerous studies over the past three decades).
But even more insidious is the issue of underemployment. In times of serious economic distress, many of the unemployed or those under threat of unemployment will work a part-time job or a couple of part-time jobs to maintain some level of financial and economic subsistence. This is a murkier thing to calculate (and only been calculated since 1994), considering how many of us may be willing to work part-time for a period of our careers. But there’s also the reality that most of us, if given a choice between full-time work and underemployment, will choose the full employment.
Even with this, the Labor Department and the Gallup folks have underemployment between 16 and 20 percent, which explains why there are so many able-bodied adults with time on their hands. At least 40 million people without full-time work. It’s a shame, it’s pitiful, and its’ scary that no one in Washington really cares or can do anything about it.
Read the Article at HuffingtonPost