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The Unemployment Crisis is Several Layers Deep

There are roughly 26.8 million Americans who are either fully Unemployed or experiencing cuts to hours and pay, with no easy answers on how to fix it.
https://www.statista.com/chart/23900/unemployment-united-states/
According to December survey data collected by the Bureau of Labor Statistics,

​Roughly 26.8 million Americans are either unemployed, experiencing reduced pay and work hours or have left the labor market entirely.
  • Of the 26.8 million:
    • 10.7 million are officially unemployed,
    • 7.5 million are experiencing cuts to pay and hours,
    • 4.9 million have dropped out of the labor force and
    • 3.7 million are currently misclassified as employed when they’re either unemployed or absent from the labor force.


This post first appeared on Travis Raml, CPA, please read the originial post: here

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The Unemployment Crisis is Several Layers Deep

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