Posted By: Anita on Thursday, May 08, 2008
That "5%" unemployment rate only includes those people who are still collecting unemployment benefits, but does not include the people who are still unemployed after their benefits run out and are still looking for work. It also does not include the people who have given up looking for jobs because there just aren't any. Someone in the Bush administration was asked on CNN a couple of weeks ago "what should people do who can't find work?". The first thing the he said was to move to another country!!! The actual unemployment rate of Americans looking for work is around 23%, and getting higher every day as people's unemployment benefits run out.