The second graph illustrates the problem with the reasoning, though. It shows that we’ve lost more than 28 million jobs. But the total unemployed in the US is only 12.5 million. These kinds of statistics can be misleading.
Our unemployed is much larger then 12.5 million they just don’t count the people who dropped off the roles.
Not at all misleading. New jobs were created in some industries and some new industries started up during those years.
The 28 million is simply jobs lost as industries moved from the US to cheap labor nations. That 12.5 million unemployed figure is the net of many pluses and minuses in the total job picture.
It's the 12.5 million figure that is misleading. Real unemployment is about 20%, when measured as it was in the previous Great Depression. 20% of 140 million is about 28 million.
The 12.5 million is the number of unemployed still getting benefits or otherwise involved in the Unemployment system on a weekly basis.
But the total unemployed in the US is only 12.5 million. These kinds of statistics can be misleading.
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Abortion.