Ed Kent: The Real Unemployment Rate

Kent is a retired Brooklyn College philosophy professor who writes for a number of yahoo groups (which I believe he started). The following is from his OurStupidEconomy@yahoogroups.com:

I mentioned in a recent blog the contrast between other nations that report the real numbers out of work and our reporting only those who have been searching for jobs recently. This discrepancy completely distorts any comparison in the progress of national economies.

The NY Times article is a heart breaker with stress placed on elderly workers:

Out of Work, Too Down to Search On, and Uncounted
By MICHAEL LUO
Millions of hidden casualties of the Great Recession are not counted in the unemployment rate because they have stopped looking for work. A look at four of the uncounted.

http://www.nytimes.com/2009/09/07/us/07worker.html?th&emc=th

The article does not mention the step down effects of older workers retaining their jobs as long as possible (to keep medical coverage and to build up retirement benefits) upon younger and other job seekers – about 25% of our teens and about the same percentage of minorities are
jobless as well.  Particularly joblessness of teens leads to further troubles – crime, vandalism, abuse of people of different backgrounds seen as potential jobs competitors, i.e. racism.

Kent’s other groups:

http://groups.yahoo.com/group/CollegeConversation
http://groups.yahoo.com/group/PeaceEfforts
http://groups.yahoo.com/group/EndingPoverty
http://groups.yahoo.com/group/440neighborhood
http://groups.yahoo.com/group/StudentConcerns
http://groups.yahoo.com/group/AcademicFreedom
http://groups.yahoo.com/group/PrivacyRights
http://groups.yahoo.com/group/Israel_Palestine
http://groups.yahoo.com/group/FindingHumaneJobs
http://groups.yahoo.com/group/OurStupidEconomy
http://BlogByEdKent.blogspot.com/
http://www.bloggernews.net

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