Unformatted text preview: last three months. More than 420,000 men and women who had been working or seeking work in October left the labor force in November. More significantly, the unemployment rate does not include those too discouraged to look for work any longer or those working fewer hours than they would like. Add those people to the roster of the unemployed, and the rate hit a record 12.5 percent in November, up 1.5 percentage points since September. US leaders are again struggling with unemployment when recession is already a hard problem to solve....
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This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.
- Spring '05