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> the true unemployment rate in the U.S. is a stunning 26.1% A look at the chart in the article contradicts the "stunning" element: It seems that this measure
by tc313 6y ago
> the true unemployment rate in the U.S. is a stunning 26.1%
A look at the chart in the article contradicts the "stunning" element: It seems that this measure has been in the mid-to-high 20%s for at least two decades. So, while this number might inform certain policy decisions, it doesn't appear to be far outside the norm.
- em500 6y agoYeah, but an article that just states that about 20% of the employed earn less than 20k/year (which is all that this article amounts to) is not going to get as many clicks, shares and HN comments.