The other unemployment rate - Oct. 18, 2012
So four out of every 10 people you pass in the mall or see walking down the street don't work, for whatever reason, and do not personally generate an income, other than social security or welfare."The employment-to-population ratio is the best measure of labor market conditions and it currently shows that there has been almost no improvement whatsoever over the past three years," Paul Ashworth, chief North American economist for Capital Economics said in a note to clients. The ratio is also telling because it means that 41% of working-age Americans are out of a job for one reason or another.
And of those who actually want a job, 13.5% of them are unemployed.