Today, 21 and a half million Americans are unemployed or underemployed—about twice as many as six years ago, according to NPR. Work-force participation, a fancy term for the number of Americans either working or looking for work, has dropped to “the lowest level since the malaise of the late 1970’s,” an era when far fewer women were working, according to MSNBC.
Yes, the unemployment rate dropped last month—but only because so many people simply gave up looking for work. The dirty little secret is that after only four weeks of not looking for a job, an unemployed worker stops being counted. So far as the jobless numbers are concerned, that person ceases to exist. But, of course, they do exist and continue to be counted in other, troubling statistics:
Read the Full Story Here: The Daily Beast