In September—the same month we had 4.2% national unemployment—the US had 6.8 million unemployed people. Of those, 1.7 million had been unemployed for 27 weeks or longer.
An additional 5.1 million Americans were working “part-time for economic reasons.” In other words, they couldn’t find the full-time job they wanted, so they were forced to work part-time.
Add to that the 1.6 million “marginally attached” workers who were available to work, but hadn’t actively looked for a job in the last four weeks.
That means 13.5 million Americans were in some kind of employment distress last month.
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Here is the web link: http://www.mauldineconomics.com/connecting-the-dots/unemployment-is-a-geography-lesson
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