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The True Picture of US Unemployment

Here's some unemployment data and chart you won't see very often.

We’ve compiled a chart of the ‘real’ unemployment since 1948, subtracting the 5 weeks and less unemployment from the total unemployment (showing not those being merely between jobs but seriously out of work). Dividing this by the entire working population gave us the rectified unemployment rate, allowing to make comparisons across periods of growth and contraction.   

The result? The present situation is considerably worse than the previous worst case since the Great Depression (1983). And we may still have a way to go before seeing an improvement.

You can see the chart and data here:The True Picture of US unemployment