The US has a "real" unemployment rate of 13.3%

by Colman
Thu Jun 15th, 2006 at 08:14:03 AM EST

This (European) morning, Jérôme did a story on Eurotrib about a report from the McKinsey Global Institute think-tank that the FT had covered with the headline 'Real Swedish jobless rate 15%'. So much for the vaunted Scandinavian model, eh?

The report contains this lovely graphic, displaying the breakdown of what they call the Swedish de-facto unemployment.