As I've been saying unemployment is much worse then it has been. Not since the depression have we seen it so bad. Howard County tops the official unemployment rate with over 19%. The rest of the state has an average of almost eleven percent.
Those of us who are aware know that this is just the tip of the iceberg. The actual figures would be at least forty percent higher.
The government only counts those applying for unemployment benefits.
This has been the policy since Clinton.
The national average is actually around 20%. Real unemployment in Kokomo would be around 25-30%.
Friday, June 19, 2009
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