US / The unemployment problem: bigger than NYC and LA combined – Economy

12 million unemployed

The job market has been healing for more than three years now, but the jobs crisis is still truly a crisis.

The staggering statistics get repeated so often they can become numbingly abstract. About 12 million Americans still remain unemployed, but who can wrap their head around that number?

Try wiping both New York City and Los Angeles off the map. That’s how many people we’re talking about.

8 million underemployed

Next, factor in the Americans who want to work full-time, but can’t get anything more than part-time jobs thanks to slack business conditions or other economic reasons…

Chosen excerpts by Job Market Monitor

via Unemployment problem is bigger than NYC and LA combined – Economy.