The Recession's Reach: More Than 50% Of Americans Affected
Since the recession began, a full 55 percent of Americans say they’ve been unemployed, taken a pay cut, had their work hours reduced or become involuntary part-time workers, according to a new survey from the Pew Research Center’s Social and Demographic Trends Project.
That number looks a lot worse than the official 9.5 percent unemployment rate or even the 15-20 percent rate that includes “discouraged workers” and part-timers. According to Pew, 32 percent of Americans have been unemployed at some point during the recession.
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