To the Editor…

by on October 16, 2013

The unemployment rate is woefully underestimated. Every month in the last 40 months (over 3 years), more unemployed left the workforce than obtained jobs. Obviously, those who gave up looking are still unemployment although they are statiscally ignored by the BLS in calculating the unemployment rate.According to the Economic Policy Institute in D.C., if discouraged workers are included in calculating the unemployment rate, the figure would exceed 10 percent.

This feedback was sent by:Harry Brill from El Cerriito, california

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Filed under: Letters to the Editor