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Officially, Detroit's unemployment rate is just under 30 percent. But the city's mayor and local leaders are suggesting a far more disturbing figure -- the actual jobless rate, they say, is closer to 50 percent.
As many have noted, the Bureau of Labor Statistics, which culls federal unemployment data, does not account for all of the jobless in its widely-quoted national unemployment figures. Among those omitted: part-time workers who are looking for full-time jobs and frustrated job seekers who abandon their job search altogether.
(For some context, the official national unemployment r
Originally posted by TheAmused
proof of 50% unemployment in detroit and we have what 5 reply's to the thread...
this is what's wrong with america in a way.
Originally posted by ventian
Step 1. Close down borders
Step 2. Fix immigration by targeting employers
Step 3. Increase Tariffs
Problem Solved, but new problems will always come about. These are dire times indeed but these type problems need fixed badly.