Most experts worry that, as long as unemployment is above 6% in America, the U.S. economy cannot recover. The Fed even has set a target of 6.5% as a measure for when it will stop monetary support. The situation in much of Europe is too horrible to be put side by side against any American number, as unemployment in Spain and Greece have breached 25%. Based on Gallup information, even Greece could be the envy of much of the rest of the world.
The research firm reports:
Twenty-seven percent of the world’s adults were employed full time for an employer in 2011, according to Gallup’s new “Payroll to Population” metric. This new measure estimates the percentage of the entire 15 and older population — not just those currently in the workforce — who are employed full time for an employer for at least 30 hours per week.
As might be expected…
View original post 220 more words