Way to manipulate the data! The unemployment rate is lower because 130,000 people are no longer counted. 10,000 government jobs were lost & as the sequester kicks in, more will lose family wage jobs. Teachers & government workers will be hit hard.
14.3% are unemployed or "underemployed"- working part time in order to work at all. The 14.3% is considered by many to be closer to the real number.
In our family, we've got 2 out of 3 unemployed.
Both college grads w a degree.
One w 28 years of experience, the other fresh out of college.
Both seriously looking for work.
The local school district is holding special meetings to let staff know to brace for big cuts- in the form of a $10 million dollar shortfall. They announced they are closing school health clinics, but will add a few centralized nurses. A school nurse w no funded clinic... how does that work exactly?
The public college is also announcing a big loss of research funding, & the county here is already releasing prisoners wholesale because of budget shortages- that is expected to get worse.
Overall, the U.S. economy has only gained about two thirds of the jobs lost in the financial crisis. "
So don't believe everything you read about the new & better unemployment rate.