Given the inaccuracies of statistics and the overall malaise effecting the US economy, the actual real number is in excess of 20 % if you factor in all the people who are underemployed working part time and in positions beneath their experiences, education, and intellect.Unfortunately, these numbers are destined to continue to rise for at least the next several months, and most probably deep into 2010 and now possibly 2011 or 2012. Unemployment could very well peak at 27 - 28 % before inching down. Levels seen currently will not be revisited until at least 2012.
On a personal note, yours truly has now been out of work for six months and there is an almost universal indifference towards him by employers in his prolonged unsuccessful job search. This unmitigated failure is leading towards major issues.
http://www.bls.gov/news.release/empsit.t12.htm
http://globaleconomicanalysis.blogspot.com/2009/06/jobs-contract-17th-straight-month.html
http://zerohedge.blogspot.com/2009/06/futile-task-of-projecting-unemployment.html
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