The country got a bit of good news late last week when the unemployment rate dropped to 10%, with the economy losing only 11,000 jobs and revised numbers for September and October lower than originally estimated.
While the news was able to push stocks up a bit for the week as more investors see this as a recovery, there’s a bit of skepticism that the rate is accurate.
Our friends over at Mint have put together a video showing the “real” unemployment rate — which includes the underemployed, people not eligible for unemployment benefits, and more.
It’s a depressing video, but worth watching. Take a look at it now.
About the author: Jason is the author of Automatic Finances: 17 Days to Your Financial Freedom, a guide to automated money management. He started investing thanks to a free lunch, and after finding out how he was getting the short end of the stick, he sought out how to do it right. More »