New numbers out today! Zero Hedge reports: —26.8% of people who want to be working and are looking for work are unemployed.
—56.6% of people age 15-24 (“YOUTH”) who want to be working and are looking for work are unemployed.
—Both numbers are all-time highs and “perhaps in a few months, the total number of inactive workers (3.34MM) will surpass all those who are working.”
So that’s how that is going.