Trends

The Unemployment Situation in Perspective

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By any measure, the unemployment rate is on the rise. But exactly how bad is the problem and what are the implications for the broader economy? To put things in perspective, we need to consider how the unemployment rate is calculated, who is considered employed and who isn’t. Many claim the official rate is flawed and presents an optimistic picture that doesn’t truly reflect reality. Other quoted statistics measuring job loss can be deceptive if selective time periods are used. In our latest infographic we have taken a broad view of the American workforce over the last five years showing the various employment conditions and how each is categorized.

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