Via Instapundit: The 60 Minutes TV show states categorically that unemployment in California is actually 22%, not 10%. This includes both the underemployed and those who have quit looking for work (and so are not counted in the "official" unemployment rolls). The national unemployment rate is 17.5% under these same criteria.
60 Minutes also says that one-third of unemployed persons nationwide have been out of work for a year or more (and that includes me), something that hasn't happened since the Great Depression.
Aha! I'm not alone! Although it sure feels that way sometimes.
Sunday, October 24, 2010
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