Last week 418,000 more people filed for first time unemployment as the overall unemployment rate sits at 9.2 percent. However, as John Ransom over at Townhall Finance points out:
When you take into account those who have stopped looking for work are underemployed or don’t qualify for unemployment, the number’s closer to 16 percent unemployment
This is the fifteenth straight week of more than 400,000 unemployment benefit filings. The problem: Uncertainty