Take 10%, then double the number.
According to the U.S. Bureau of Labor Statistics, there are 14.8 million unemployed Americans. http://www.bls.gov
(What's odd is, even though more people lost jobs, many "discouraged" people were dropped from the statistics, and the revised "official" unemployment rate was lowered from 10.1% to 9.7% - - - Obama's number-crunching.)
The younger people who want to leave their parent's home and be on their own for the very first time must find it very difficult - - - because this recession is the longest and deepest on record.
In the past 2 years the recession has cost Americans 8.1 million jobs - - - and the actual unemployment rate is at 17.3% (but only 10% are collecting State or Federally Extended Unemployment benefits; 10% being the figure the government uses because it makes it sound less severe.)
See "Massive Revision will Show Recession is Worse than Reported"
http://www.marketwatch.com/story/massive-revision-to-show-recession-was-even-worse-2010-02-04?reflink=MW_news_stmp
More lost jobs...
The Labor Department said today that weekly unemployment claims rose 8,000 last week, to a "seasonally adjusted" 480,000.
See "Wall Street Opens Lower on Job Weakness"
http://www.nytimes.com/2010/02/05/business/05markets.html
One reason is because of jobs lost to China by Multi-National corporations (many American based).
See "China Shows Little Patience for U.S. Currency Pressure"
http://www.nytimes.com/2010/02/05/world/asia/05diplo.html
Where I live, Nevada's unemployment rate was over 13 percent last month, the second highest in the nation...and Las Vegas was over 14% (but probably 20% is the ACTUAL number). And it is the elderly who are mostly being left behind in the Las Vegas casino job market - - - they hire "younger and prettier" people for most jobs. (That might help explain their weak stock prices.)
What are the chances of graduating from high school or college this year and finding a job? I guess most of those kids who voted for Obama will be living with their parents for a few more years.
See all my well-researched posts on the current unemployment situation:
The New Poor - Millions of Unemployed Face Years Without Jobs
http://tobuds.com/blogs/blog1.php/2010/02/21/the-new-poor-millions-of-unemployed-face
Government Jobs (Bigger Government) Drive Employment Numbers
http://tobuds.com/blogs/blog1.php/2010/03/01/government-jobs-bigger-government-drive
Actual Unemployment in 2010 - Recession Worse than Reported
http://tobuds.com/blogs/blog1.php/2010/02/04/actual-unemployment-in-january-2010-rece
Deep Recession Shows No Sign of Letting Up - Maybe Getting Worse
http://tobuds.com/blogs/blog1.php/2010/02/24/deep-recession-shows-no-sign-of-letting
Largest U.S. Labor Union: AFL-CIO says Jobs Won't Return
http://tobuds.com/blogs/blog1.php/2010/01/07/largest-u-s-labor-union-afl-cio-says-job
More Bad News for the Unemployed in 2010 - and Beyond
http://tobuds.com/blogs/blog1.php/2010/02/23/more-bad-news-for-the-unemployed-in-2010
Almost 1 out of 5 People are Out of Work in the U.S.A.
http://tobuds.com/blogs/blog1.php/2009/12/31/unemployment-december-2009-new-release
FOX News Wages War on Unemployed - Thinks They're Lazy
http://tobuds.com/blogs/blog1.php/2010/03/02/real-reason-why-extended-unemployment-be
Tea Party, Fox News, and Conservatives Attack the Unemployed
http://tobuds.com/blogs/blog3.php/2010/03/04/tea-party-gets-in-wrong-on-unemployment
Extended Unemployment Benefits in 2010 - Fully Explained
http://tobuds.com/blogs/blog3.php/2010/02/16/extended-unemployment-benefits-in-2010
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