Worse yes because then if you were not employed in any fashion than that counted toward the 25-28% unemployment rate, but now, using the metric, the rate is in the mid-thirties and rising ...
Yes, you understand this.
Very few people get it.
The vast majority of people look at “unemployment” during Great Depression and compare with “unemployment” today.
The vast majority of people most people do not know that they are looking at two completely different “unemployment” numbers. Two completely different ways of defining “unemployment”.
They do not know that they are actually comparing apples and oranges.
History will eventually judge Obama’s great recession as a much deeper and longer sustained GREATER DEPRESSION than the Great Depression. Obama will go down in history as one of the worst presidents ever! Very few people understand this today - now.
yep