The broadest measure of unemployment/underemployment, which is the “SGS Alternate Unemployment Rate” published by Shadow Government Statistics, remained at 23.0% in January, its highest level ever. This measure was at 17.6% when Bush 43 left office.
Also last month, America moved another 186,000 jobs away from full employment, to a total of 15.0 million. This made full employment 6.1 million jobs more distant than when Obama took office.
The latest GDP report illuminated why the employment situation isn’t improving: the economy isn’t growing. Real GDP actually contracted at a 0.1% rate in 4Q2012. Another such quarter and the National Bureau of Economic Research would likely have to declare that another recession has begun. Right now, consumer confidence is at a level normally only seen during recessions.
Chosen excerpts by Job Market Monitor from
via U.S. Unemployment: Our Long Economic Nightmare Continues – Forbes.
Job Market Monitor 
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