Less than a year ago…
From Zero Hedge:
The Real Unemployment Rate: In 20% Of American Families, Everyone Is Unemployed
From the article:
According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working. So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh. One-fifth of the families in the entire country do not have a single member with a job. That is absolutely astonishing. How can a family survive if nobody is making any money? Well, the answer to that question is actually quite easy. There is a reason why government dependence has reached epidemic levels in the United States.
Here’s a reminder for those who have forgotten: The unemployment rolls only count those who are being paid unemployment. Which is limited. Once you are off their rolls and you still haven’t found a job you are no longer counted. So, what the real number’s are is anyone’s guess.