Plantagenet wrote:Actually, we aren't at stagnation. Every month the Obama administration shifts workers from the unemployed category into the "discouraged worker" category, so they no longer show up in the statistics even though they are still unemployed.
When you include the growing numbers of unemployed discouraged workers in with the regular old unemployed, the total number of unemployed is still growing and is now over 20% of all workers.
The initial jobless numbers go up and down each month. This month they were below 400K.
The total number of unemployed, when you include the "discouraged workers" continues to increase each month.
Right now its almost gotten up to 23% of all workers----and thats comparable to unemployment last seen during the great depression
Total US unemployment now at ca. 23%---it has risen steadily for last three years and continues to rise