UNCOMMON SENSE 4 © 1994 revised November 2023 By Helen Lachs Ginsburg, Economics, Emerita, Brooklyn College of the City University of New York, Bill Ayres, Co-Founder of WhyHunger, and June Zaccone, Economics, Emerita, Hofstra University Editor’s Note: The concept of this piece, written soon after our founding, was created by Professor Helen Lachs Ginsburg, a… Read More Employment Statistics: Let’s Tell the Whole Story
THE UNEMPLOYED SPEAK* 1. Jack was laid off after 17 years as a mechanic when his plant was relocated in Mexico. Unable to find a comparable job, Jack is working at Walmart at a fraction of his previous wage. Answer: Jack is a casualty of unemployment, but he is counted as employed, despite his downgrading.… Read More Can You Count the Unemployed? an NJFAC Quiz
Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading. Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to… Read More The Big Lie: 5.6% Unemployment by Jim Clifton
