take a look at the jobs creation number for the months in the 90s when these unemployment rates were reported. take a look at those same numbers now. the rate is low because people are dropping out of the statistics, and the unemployment rate doesn't count a person who is offshored from a 60K tech jobs and is working at Lowes now for half that.
the unemployment rate doesn't count a person who is offshored from a 60K tech jobs and is working at Lowes now for half that. Stats show that average wages are UP, not down.
"For the 12 months ending in December, workers' wages and benefits grew by 3.8 percent, compared with a 3.4 percent increase in 2002. Wages and salaries in 2003 rose 2.9 percent - the same-size increase as the year before. Benefits rose by 6.3 percent in 2003, up from a 5 percent rise in 2002."