Archive for February 12, 2014
According to the February 7, 2014 edition of the Washington Post the U.S. unemployment rate fell to “only” 6.6% during January. Even though this seems like a vast improvement from what it was five years ago, more jobs does not mean that every working American is doing well enough to support their families and pay their mortgage or rent.
The 6.6% unemployment rate may sound good, but it is very misleading. This is because there are still thousands of Americans who are still not working, but no longer qualify for unemployment benefits. Therefore, they are not counted among that 6.6% of the population that still receiving unemployment benefits. Throw in tens of thousands of underemployed Americans and things don’t look as rosy as that 6.6% makes it seem.
Regardless of the “real” number of