“Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from a peak of 49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on record.”
California has the second highest unemployment rate in the US – 12.5%.
Don’t pay attention to the “unemployment rate” you hear about every week in the news. It’s a functionally bogus number. It’s so full of tricks and twists, and it’s mostly a political number.
We want the real number, and that real number is what the bean counters call Underemployment or U6 (you can read up on it) – it’s the real number.
Right now it is an eye-popping 19.6%, which means 1 out of every 5 people you see are either unemployed or working less than they are willing to work. It’s a very tragic and critical condition we are in!
Unemployed people are unhappy people. They can’t provide for their families and their feeling of self-worth starts to plummet. They become angry or apathetic. This isn’t good for society. No one wants to be around or deal with the angry and apathetic. Instead of acting rationally, these folks act irrationally and reactively. They become toxic and our society becomes more toxic.
It’s critical to get people productive and fully employed doing real jobs that produce what society needs and wants.