were being created during the Reagan Recovery when GDP was 7-8%. As a reminder, GDP for Q2 of 2012 was revised down to 1.2%.
U-6, which counts part-timers, who want full-time work, and the discouraged, is 14.7% and has remained unchanged. If the underemployed (people working a jobs below their skill-sets) are included, the U-6 hits the high teens or low twenties. All combined, there are about 23 million Americans unemployed or underemployed.