Jobless recovery?

I do not believe in a jobless recovery. Retail sales continue to fall as people lose jobs in the private areas. Sadly, as sales taxes fall, states must also lay off workers now. There are many states like California that are in trouble because bankruptcy is near.

Fact is US jobless number hide the scale of our problem from us. Latest figures show unemployment near 10%, but it is in fact over 22% and rising. US uses a lot of funny math to calculate unemployment, but if you use the same methods used during the great depression you get numbers over 20%. Tragedy is that many of these jobless joes are young. People, our future is dim and grim.