So I read this today.  According to Matt O’Brien at The Washington Post WonkBlog:

Economists Have Discovered How Bad The Economy Really Is

Excerpt:

“…even though the unemployment rate tells us the most about the labor market, it doesn’t tell us the full story. All it does is show us how many people who are actively looking for work can’t find it. But that leaves out the “shadow unemployed” who want full-time jobs but have either given up looking for them or can only find part-time ones.”

So we have a lot of “underemployment” instead of unemployment.  Not to mention those who are employed full time in jobs of last resort because their are no jobs available for them in their chosen field and they need something to pay the bills.  You know – the engineer who works at Home Depot or the middle manager who is selling phones at the AT&T store, or the former factory worker who now a cosmotologist (at an 80% pay cut).

Huh.  Who Knew?  Oh…that’s right.  Everyone who doesn’t work for a newspaper.  Well, at least one guy who works (blogs?) for a newspaper knows.

Nothing to see here!  Move Along!

Cross posted at Cuana Enterprises Amazon Store blog, the Men Out Of Work Blog