According to the Bush Admin. the economy is just great. Yet, according to The Economic Policy Institute (EPI),

Since the beginning of this recovery (November 2001), the unemployment rate has averaged 5.7%, varying between 5.2% and 6.3%, with the average share of long-termers at 20.4%. Historically, when unemployment rates have averaged 5.7%, the average share of the long-term unemployed was only 12.3%.

Amazing what happens when you look past the headlines. Many of those folks unemployed for more than six months have stopped looking for work and thus aren't counted in the unemployment figures. EPI published a nice little graphic to illustrate the problem.



And people still think Republicans are good for the economy.
posted by Idle Crank at 5/20/2005 06:02:00 PM