Official unemployment rate now stands at 7.2% for December, per BLS data released today. But, often lost in the numbers the rampant growth in the 'underemployed', which is just as disturbing:
"In December, the number of persons who worked part time for economic reasons (some-
times referred to as involuntary part-time workers) continued to increase, reaching
8.0 million.The number of such workers rose by 3.4 million over the past 12 months. This category includes persons who would like to work full time but were working part time because their hours had been cut back or because they were unable to find full-time jobs."
Also from the BLS