WorldNetDaily
Unemployment was declared to be 9.9 percent in April, but the real unemployment rate – measured to include those who want work but have given up looking and those part-time employees who prefer full-time work – hit 17.1 percent, rivaling October’s 17.4 percent, the highest since the Department of Labor began keeping these statistics in 1994.
Nearly half the unemployed, 46 percent, have now been out of work for 27 weeks or longer.
“When we take into account those who are considered long-term discouraged workers who have given up looking for work after a year or longer, the April unemployment number shoots to more than 21 percent,” Corsi noted.
A 21 percent unemployment rate nearly reaches peak jobless rates of the Great Depression, when unemployment reached 25 percent in 1933.
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