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The fact of the matter is, when we total up all of the unemployed and underemployed we find that close to 24,700,000 Americans fall in this category.
Over the past 12 months the number of unemployed has risen by 6 million. Also, if you look at the above chart, the rate has shot up by 3.9% from 5% last April of 2008 to the current 8.9%. Yet that rate is for those that are unemployed. When we start looking at the broader measure of U-6 we see that 15.8% of people are unemployed or underemployed. Let us break down the numbers:
Unemployed: 13,700,000
Part-time but looking for full-time: 8,900,000
Marginally Attached and Discouraged Workers: 2,100,000 ...
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