Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   2 comments
OpEdNews Op Eds

Real, Uglier American Unemployment

By       Message Joel S. Hirschhorn     Permalink
      (Page 1 of 3 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 2   Well Said 1   Supported 1  
View Ratings | Rate It

opednews.com Headlined to H2 2/18/10

Author 1900
Become a Fan
  (17 fans)

Can you trust national averages? As bad as the jobless data you hear are, you have not been told the whole truth. If you think the terrible impact of America's Great Recession is shown by an official unemployment rate of about 10 percent, think again.

Economic inequality and the myth of Reagan trickle down logic are shown by new data from the Center for Labor Market Studies at NortheasternUniversity in Boston. The report noted: "What has been missing from the public debate over the labor market crisis is an honest and detailed analysis of which American workers have been most adversely affected by the deep deterioration in labor markets." The researchers found a correlation between household income and unemployment rate in the last quarter of 2009: Look carefully at these numbers and see how unemployment rises as income drops:

$150,000 or more, 3.2 percent

$100,000 to 149,999, 8 percent

$75,000 to $99,999, 5 percent

$60,000 to $75,000, 6.4 percent

$50,000 to $59,000, 7.8 percent

$40,000 to $49,000, 9 percent

$30,000 to $39,999, 12.2 percent

$20,000 to $29,999, 19.7 percent

$12,500 to $20,000, 19.1 percent

$12,499 or less, 30.8 percent

Next Page  1  |  2  |  3

 

- Advertisement -

Must Read 2   Well Said 1   Supported 1  
View Ratings | Rate It

http://articlev.wix.com/statusquobuster

Joel S. Hirschhorn is the author of Delusional Democracy - Fixing the Republic Without Overthrowing the Government and several other books, as well as hundreds of articles. His current political writings have been greatly influenced by working (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Americans Unready to Revolt, Despite Revolting Conditions

Entering a Hospital and On Medicare? The One Question You Must Always Ask

9/11 Truth Manifesto

Tea Party Terrorists

The Most Powerful People in America

Fight Economic Oppression, Target the Top One Percent