Beyond the Official Unemployment Rate

Today’s NY Times has a good article about the real level of unemployment. Although the headline, “Part-Time Workers Mask Unemployment Woes,” sounds like it could be a story about undiagnosed depression (psychological, not economic), it actually gives a pretty good explanation of why the official unemployment rate doesn’t tell the real story.

You can read a much better article about “The Real Unemployment Rate” in the current issue of Dollars & Sense.