Relevant:
- The Sham of our Current Unemployment Rate Numbers: Lessons from the Great Depression
- Stocks Solidly Lower Following Weak Jobs Report
- Lower Jobless Claims Don't Point to Robust Labor Market
- California Unemployment Rate Hits New Record, Michigan Unemployment Picks Up Again
- European Union reaches highest unemployment rate since crisis started -- Spain hits 25 percent unemployment rate for first time. The missing EU crisis headlines.
2012-08-05 — mybudget360.com
The other side of persistently high unemployment is the pressure it puts on wages and real income growth. Since the recession hit, corporate profits have bounced nicely since paying people less is good for the bottom-line at least in the short-term. However, what was not discussed in the last jobs report was the underemployment rate bounced back to 15 percent. Even countries like Ireland that were battered by the crisis are bouncing back when it comes to production yet their unemployment rate is near a peak
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