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The Real Unemployment Rate? It Sure Isn’t 8.3%

March 12, 2012 1 minute Read by Four Percent

James Pethokoukis, The American Even if it were a legit number, the 8.3% February unemployment rate, released today by the Labor Department, would be simply terrible—and unacceptable. It would still extend the longest streak of 8%-plus unemployment since the Great Depression. The U.S. economy hasn’t been below 8% unemployment since Obama took office in January 2009. And back in May 2007, unemployment was just 4.4%. But, unfortunately, the true measure of U.S. unemployment is much, much worse. Read More

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