True Jobless Rate Hits 21.9 Percent

California’s underemployment rate reached 21.9 percent last month, the highest since the state began tracking the numbers of people who are working part time or have stopped seeking employment. The underemployment rate is increasingly recognized by economists as the true measure of joblessness and a better economic indicator than the traditional unemployment rate. According to the Chron, the state’s underemployment rate includes 1.4 million part-time workers and 865,000 people who have given up hope of finding jobs, along with the 1.4 million people who are trying to find employment.

18,637FansLike
0FollowersFollow
67,429FollowersFollow

Newsletter sign-up

eLert sign-up

Oakland
scattered clouds
48.3 ° F
51 °
45 °
71 %
1mph
40 %
Sun
56 °
Mon
55 °
Tue
53 °
Wed
53 °
Thu
54 °