(AP file photo)
The official unemployment rate is 6.1 percent, but that hardly provides a fair description of the jobs crisis, said Peter Morici, a professor of international business at the University of Maryland and a Moneynews Insider.Not counted are prime working-age adults who have quit looking for a job, part-time workers who want full-time positions, and young college graduates. The real jobless rate is likely closer to 20 percent, and the root cause is slow economic growth, Morici said. [Full Story]
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