“..The rise in unemployment continues to devastate Americans, according to the latest update of the Huffington Post Real Misery Index.
The index rose to 32.9 after peaking at 32.3 in August, largely due to the increase in the U6 unemployment rate ..
.. which tracks part-time workers looking for full-time employment and those who’ve given up looking for work.
Almost one in six Americans are jobless or underemployed and the economy has lost 7.3 million jobs since the recession began in December 2007, according to the latest numbers from the Bureau of Labor Statistics.
The index would be even higher were it not for a few bright spots in the economy, such as no annual percent increase in food and beverage prices and a slight uptick in housing prices.
The states with the highest underemployment rates through the third quarter of this year were Michigan (20.9 percent), Oregon (20.1 percent), California (19.6 percent) and South Carolina (18.4 percent).
And the numbers threaten to go higher with some economists predicting a 13% unemployment rate — a post-World War II high — in the aftermath of the recession.
“This is going to be the mother of all jobless recoveries,”..”
go to source/story>>HuffPost’s Real Misery Index: Nearly One In Six Americans Are Jobless Or Underemployed
