Long term unemployed and people who gave up looking for work were still counted back then. If we were to make a comparison our current numbers, in the mid to upper teens, would be much closer to Great Depression levels. Different accounting methods.
my fiance is still unemplyed and out of unemployment compensation...she has been out of work since may of 2008 due to the poor job market in our area...a few monthes ago my company to ward of laying anyone off cut our pay by 10%...i had to stop some of my insurance and 401k contributions to make up for some of the loss....this morning we have a mandatory meeting for all employees...i hear that there is a layoff and the rest will have their pay cut yet again...if i am one to stay with just a pay cut i will now have to cancel my health insurance to ensure that i can make ends meet for me and my little girl....there isn’t much hope but alot of change here in florida...thank you obama, pelosi, reid, bawney frank and all you other socialist pigs..................