CEPR study shows unemployment rate worse than reported by media

[Omaha Steve]

http://www.midatlanticlabor.com/appiesnet/wordpress/?p=848

BY PAUL TUCKER
[e-mail]

REGION, April 1st- A new report by the Center for Economic and Policy Research (CEPR) shows the current unemployment rate is higher than conventionally measured and is already at roughly the same level as the high reached in 1982, the year with the highest unemployment rate since World War 2.

The CEPR of Washington, DC, is an independent, nonpartisan think tank that reports and studies most important economic and social issues.

The report, adjusts the current unemployment rate to account for demographic and statistical differences that lower the unemployment rate today by 1.4 percentage points, relative to the official unemployment rate in 1982. After the adjustments, the current unemployment level rises to over 9.5 percent, a level that is close to the 1982 average of 9.7 percent.

FULL story at link.

[marketcrazy1]

1. yup!

the wake up call is coming soon......................

[Triana]

2. change the formula used to calculate enemployment back to what it was before bu$hit..

....before he FUDGED it - and my guess is that it's over 10% nationwide - and around %15 or so in some areas (or more).