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  • Persons Not In Labor Force Who Want Job Jumps To All Time High; Real Unemployment Rate At 12.8%

    02/04/2011 10:24:33 AM PST · by mojito · 75 replies
    ZeroHedge ^ | 2/4/2011 | Tyler Durden
    Probably the last chart to bury any doubt about just how truly horrible today's employment data was, comes from a little observed data metric: that showing the number of people who are not in the labor force, but who want a job now. The number just hit 6,643K, a jump of 431K from December, and the highest number in history. These are people that would send the unemployment rate to about 12.8% if they were in the labor force (and, as indicated, looking for a job). Nothing else needs to be said.