Friday, March 5, 2010

The Real Unemployment figures

New figures are in

There are about 15 million people unemployed
About 9 million are underemployed (working part time but want full time work)
2.5 million are "marginal" meaning they haven't looked for work in the past 4 weeks, for various reasons, but have looked in the last year. These are the folks who have given up.

So that's really about 25.5 million people unemployed.

And the Senate couldn't get a jobs bill passed. Makes you wonder if the now $10 billion package (it was $15 billion a few days ago) wasn't passed by the House just yesterday because they knew the new unemployment figures were coming out today.

How, if we lost another 36,000 jobs, did the unemployment rate stay the same? Did we add that many more imported workers?

(As best as I can tell about 100,000 workers are working under what is called an H-1B visa - wouldn't that make a lot of jobs for our American residents, to just send everyone home who has a green card? I'm pretty sure it's a LOT more than 100,000 workers.. H-1B visas are just for "highly skilled" workers, meaning anyone who can run a computer :)


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