Saturday, May 07, 2011

Obamanomics: unemployment at 9%, labor participation stagnent

A broader measure of the unemployment rate, which includes people who stopped looking for work and those settling for part-time jobs, rose to 15.9% in April from 15.7% the previous month.
In another sign of the challenges still faced by the labor market, the report showed 43.4% of unemployed Americans, or nearly six million people, were out of work for more than six months in April. The longer someone is without a job, the harder it is to find work.

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