The broad decline, revealed in a Labor Department report Wednesday, offers the latest sign the labor market recovery kicked into a higher gear in 2014. The declines varied broadly.
Unemployment fell the most in Illinois, where the rate dropped 2 percentage points from the prior year to an average 7.1%. The rate declined by 1.8 points in Colorado, North Carolina and Ohio. [...]
Unemployment across the entire U.S. fell 1.2 points to 6.2% last year.
— blogs.wsj.com
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Limitations of the unemployment definition
Some critics believe that current methods of measuring unemployment are inaccurate in terms of the impact of unemployment on people as these methods do not take into account the 1.5% of the available working population incarcerated in U.S. prisons (who may or may not be working while incarcerated), those who have lost their jobs and have become discouraged over time from actively looking for work, those who are self-employed or wish to become self-employed, such as tradesmen or building contractors or IT consultants, those who have retired before the official retirement age but would still like to work (involuntary early retirees), those on disability pensions who, while not possessing full health, still wish to work in occupations suitable for their medical conditions, those who work for payment for as little as one hour per week but would like to work full-time.
These people are "involuntary part-time" workers, those who are underemployed, e.g., a computer programmer who is working in a retail store until he can find a permanent job, involuntary stay-at-home mothers who would prefer to work, and graduate and Professional school students who were unable to find worthwhile jobs after they graduated with their Bachelor's degrees. Wikipedia
Dang it, Miles, you and your "information" are ruining all the happy time!
As I said before, I have zero tolerance for bullshit. Sorry.
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