Ouch

While 8.5% unemployment sounds plenty bad enough that number fails to tell the whole story as it only accounts for people currently looking for work and unable to find employment.

According to a recent article from Bloomberg the more appropriate number is 15.6% which also counts people who have given up looking for work and those who have found part-time employment but are still seeking full-time positions.

The newest unemployment numbers are frightening no matter how you parse them, and they are without a doubt now officially the worst ever seen post WWII.

Here is the latest side by side comparison from Justin Fox:
(graph via EK, article via TP)