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I wish employment was high, I meant to say unemployment. What's ur source for 17% or is that a typo too (it's 10%).
The 17% is the true unemployment rate:
"In all, more than one out of every six workers — 17.5 percent — were unemployed or underemployed in October. The previous recorded high was 17.1 percent, in December 1982.
This includes the officially unemployed, who have looked for work in the last four weeks. It also includes discouraged workers, who have looked in the past year, as well as millions of part-time workers who want to be working full time."
Here is a nice graph (can't get it to post): http://portalseven.com/employment/unemployment_rate_u6.jsp?fromYear=2000&toYear=2009
"What is U6 unemployment rate ?
The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons."
Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work.
The age considered for this calculation is 16 years and over"
Sources:
http://www.nytimes.com/2009/11/07/business/economy/07econ.html
http://www.infowars.com/broader-measure-of-u-s-unemployment-stands-at-17-5/
Google it, there's a ton of articles and sources on it.
