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Wednesday, February 17, 2010

Real Unemployment 20 Percent, says Joseph Stiglitz

The noted economist and Columbia University professor Joseph Stiglitz just announced that "real unemployment" was close to 20 percent. Statement in response to question on Bloomberg Radio about how valid the federal government's 9.7 percent stated unemployment (so-called U-3) rate is.

Eric Dixon is an attorney who provides strategic analysis on legal, economic and public policy issues in addition to practicing as an attorney.

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