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I agree that the millions missing from the workplace do exist. If they were included in the unemployment rate, then the rate would be 11%. But, the problem is, it's always been done this way, hasn't it? If we included these missing millions in the unemployment rate, then we wouldn't be comparing apples to apples.
This latest recession started in December, 2007. Since the Great Depression 75 years ago, recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months, not counting this latest spooky downturn.
The National Bureau of Economic Research, the recognized scorekeeper of when recessions start and end, declared this latest recession over in June, 2009, which would make it the longest recession since the Great Depression. But the historical precedent in America is the deeper the recession the stronger the recovery, as the American economy accelerates to return to its long term trendline. Based on...
marhefka2000@yahoo.com