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One in Six Americans Now Unemployed or Underemployed

HeadlineApr 06, 2009

In economic news, the nation’s unemployment rate has reached 8.5 percent, the highest it’s been in twenty-five years. 663,000 jobs were lost last month. A total of 5.1 million jobs have been lost in the past fourteen months. The current unemployment rate would jump to 15.6 percent if it included laid-off workers who have given up looking for new jobs or have had to settle for part-time work. This means one in every six workers in America is now either unemployed or underemployed.

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