U.S. Unemployment Varies Significantly Based on Income Levels
The one word our worthless mouthpiece for the government media doesn't use to describe the current `new normal'; ie: `the jobless recovery' - is DEPRESSION. But, what do you call unemployment and underemployment rates of 28-50% for certain segments of our society? Is there a reason you find this data on a blog in the far corner of the blogosphere - and - not on your hometown front page; or, as the lead story in your worthless local TV news?
Could it be that the story of `haves' and `have-nots' doesn't make a good lead in to the commercial break?
Here's some additional findings of this study:
The total number of unemployed and underemployed has doubled in the last two years
Four year collage graduates, many managers, government employees, professionals are well protected from job losses
Blue-collar workers particularly in the construction sector, teenagers and black men have higher unemployment rates
From the chart above, we can infer that workers in the top two deciles have unemployment rates of just 4.0% and 3.2%
Workers in the lowest decile - those earning $12,499 or less - faced a Great Depression era unemployment rate of about 31% and the second lowest declie had an unemployment rate of about 20%
Both unemployment and underemployment rates increase dramatically from high income to low income levels
The study above clearly shows that lower-income Americans are affected greatly by the current recession while people at the top of the pyramid have almost negligible unemployment rates.
http://seekingalpha.com/article/189739-u-s-unemployment-varies-significantly-based-on-income-levels
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