Right, and there are thousands and thousands of people who are losing their unemployment benefits each month. They are no longer counted as ‘unemployed’.
My guess is that the REAL unemployment figure is around 20% or more..........
The other day I had occasion to drive through Avon, one of Northeast Ohio's more affluent suburbs, a town of little boutique stores and businesses, frou-frou little "historic districts," and on the fringes, the large bigbox dominated shopping center next to the freeway exit. There were as many vacancies and empty store fronts and never opened "for lease" buildings in Avon as in the down-on-their-luck- blue collar inner 'burbs. The Obama recession has gone viral.