Analysis: Actual U.S. Unemployment Rate is 41%

by Colonel on October 19, 2012

The employment-to-population ratio is the best measure of labor market conditions and it currently shows that there has been almost no improvement whatsoever over the past three years,” Paul Ashworth, chief North American economist for Capital Economics, writes in a note to clients obtained by CNN. That figure, which accounts for the proportion of working Americans compared with the number of adults in the country, is a lot higher than 8 per cent.

For now, 58.7 per cent of American adults are working if the actual employment-population ratio is taken into consideration, leaving about 82 million, or almost 41 per cent of people unemployed. Only 8 percent, however, are even interested in work, leaving 33 per cent of Americans not only jobless — but in no desire for work.

Republicans on the Senate Budget Committee released findings this week showing that the government spent roughly $1.03 trillion on welfare programs last year.

” — Copyright 2012 Autonomous Nonprofit Organization “TV-Novosti”

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