Mark Skousen: Actual Unemployment Rate Is at ‘Great Depression Level
November 7 — U.S. unemployment rates may officially be hovering around 9 percent but in reality, they're up near the 20 percent levels around the time of the Great Depression, maybe even higher, economist and author Mark Skousen told Newsmax.TV in an exclusive interview.
Unemployment rates measure the number of people in the workforce looking for jobs.
But those holding down part-time jobs here and odd jobs there, or those who have grown discouraged from looking and have quit sending out resumes aren't typically part of the workforce that define headline unemployment rates. Read more.
