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September's unemployment figures were not only disappointing -- they were grim. For the 21st straight month, Americans lost jobs. Fifteen million are out of work -- 5 million for more than six months.
But as The Washington Times asserts, "America's jobless crisis is much worse than the 9.8 percent unemployment rate."
The U.S. economy actually lost 785,000 jobs in September, which should have pushed the 9.7 percent August unemployment figure far higher than just 0.1 percent to 9.8 percent.
What kept the increase to 0.1 percent?
Over 800,000...
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Check out Japan and Taiwan's industrial base, or Singapore and Switzerland. You want a large industrial base, go to China (and it is under 50%). Check out the unemployment in Singapore and Taiwan and compare it to the US. Industrial base has no relationship to unemployment.