Unemployment reports over the past several months make “
The Case for a Job Guarantee by Pavlina Tcherneva imperative. You should read this book. In June there were 33.4 million people without jobs in the 25 - 54 age population, with the employment-population ratio of 73.5% shown in the chart below.
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As of June the U.S. had lost 16.6 million jobs since February but the number of unemployed supposedly had increased by less, 12.0 million, due to declining labor force participation. So take the June unemployment rate focused on by the media of 11.1%, 15.4% for blacks, with a grain of salt. The more realistic U-6 rate was 18.0%, up from 7.0% in February.