Quote:
Originally Posted by peter12
The US employment rate is an official 5.4% but experts estimate that if you include people who have given up looking for work or who have been forced to take minimal part-time work in the USA, then the number would rise to over 10.5%. There is no economic recovery in the US.
Following the bailouts of 2008, a new super elite of 0.1% earners was created. Everyone else suffered.
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Correct, the rate of 'under employed' people in the US, basically anyone working less hours than they could/would like to, is over 11%.
That's a massive drag on a consumer economy.