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To: Oldeconomybuyer
one in five Cuban workers may be redundant

That's a 20% unemployment rate.

11 posted on 07/18/2010 5:43:07 AM PDT by reg45
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To: reg45
That's a 20% unemployment rate.

So, their U-6 equivalent is 20% and our U-6 is 17%. Sounds like we can be equated to Cuba, as we are only 3% less.

24 posted on 07/18/2010 7:44:43 AM PDT by C210N (0bama, Making the world safe for Marxism)
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To: reg45
That's a 20% unemployment rate.

Yes, and that's based on 50% labor participation. The US rate is something like 67% -- or at least it was . . .

29 posted on 07/18/2010 9:46:18 AM PDT by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
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