Friday, May 3, 2013

Unemployment Stands at 19.2 percent?

   Cannot find it.
   Heard a story on KSL Radio today, saying that there are different ways of measuring unemployment, and, by one measurement, the national unemployment sits at 19.2 percent.
   Sit on that. Think about it. That is not so far removed from -- what was it, 24 percent -- during the Great Depression? Back when the Great Depression was starting, it is true, there were not the safety nets we have today, unemployment insurance and much of the welfare programs. So, if you were unemployed, the danger of having no source of food was greater.
  Still, if this 19.2 percent is true, our unemployment is great. Will a nation wilt, eventually, if it does not have greater employment? I only know it cannot be healthy for the economy. That is obvious, isn't it?

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