State Jobless Rate Is 20 Percent?

Most of us have been used to seeing the Rhode Island unemployment rate hover near 13 percent, so this headline from the Providence Business News—about the true jobless rate being near 20 percent—was a bit of a shocker. As the story explains, this figure counts not only those who are unemployed, but also those who have given up looking for a job as well as people who found part-time work. This provides us with a more complete picture of the economic distress in this state. By the end of 2009, the national underemployment rate was 17.5 percent, according to The Wall Street Journal.

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