Compensation for U.S. workers so far in 2009 has been cut by the largest amount in nearly two decades, with a government index of real average weekly earnings down 1.9% since last December, McClatchy Newspapers has reported. And the average workweek — now down to 33 hours — is the shortest on modern record.
As mentioned in an earlier post, if "underemployed workers" - those forced to take shorter shifts or other employment cutbacks - are included, the nation's unemployment and underemployment rate is closer to 18%, not the official 10.2% unemployment rate.
As mentioned in an earlier post, if "underemployed workers" - those forced to take shorter shifts or other employment cutbacks - are included, the nation's unemployment and underemployment rate is closer to 18%, not the official 10.2% unemployment rate.
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