Unemployment

Steve Clemons has a post at Talking Point Memo Cafe on the Hindery Report on Effective Unemployment. This report is done by Leo Hindery, a former economic adviser for the John Edwards and Barack Obama campaigns. Hindery's figure for unemployment includes changes in farm employment and self-employment, which are not included in the usual government figures, and includes discouraged job-seekers and the underemployed.

The official unemployment figure in 10.2%, one worker in ten.

Hindery's figure ...