Unemployment Benefit Extension
The last time the nation's unemployment rate was over 10% was in 1983. It’s been 26 years and October’s numbers reflect a worsening of the recession. The official US unemployment rate is 10.2%, but this does not count people who no longer qualify for unemployment benefits, those who are under employed, and those who are discouraged and no longer looking for work. The real unemployment rate, if these groups were considered, would rival that of the Great Depression, when 25% unemployment was seen. At least back in the 1930’s the official numbers were not skewed and changed to try and reflect a rosier-than-reality employment environment.
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