If you think 9.4% unemployment's bad...

The official U.S. unemployment rate hit 9.4% in May.

But economic suffering is even more widespread than that dreadful number suggests:

The Bureau of Labor Statistics tracks the number of self-employed workers who say they are working “part time for economic reasons,” which means that they work fewer than 35 hours a week because they can’t line up more employment. In March 2008, 622,000 self-employed workers across the country put themselves in this category. A year later, the number had almost doubled, to nearly 1.1 million.

Posted by James on Monday, June 08, 2009