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May/09

28

Underemployment - The Silent Killer

Unemployment stats have made headlines in recent months.  Many think that the unemployment rate is one of the best measures of the current state of the economy.  When there’s money floating around, and people are using that money to buy more things, companies make and market more things, creating jobs.  That is not the case right now.  In April, according to the Bureau of Labor statistics employers took 2,712 mass layoff actions, laying off 271,226 workers.  It’s a problem that gets a lot of press.

Read more on the issue of underemployment and how it is quietly impacting the economy.

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