Worth ReadingWhen Did the Great Depression Receive Its Name? (And Who Named It?)What Are the Biggest Financial Scandals in U.S. History?Seeing Red: The Budget Deficit – Past, Present and FutureBackgroundThe economy is bad. In September 2011, the official U.S. unemployment rate stood at 9.1%. That means nearly one person out of every ten can’t find a job. But that’s only the official unemployment rate. That doesn’t count people who do odd jobs or people who’ve given up looking for work entirely. That number is actually 16.2%.The economy isn’t bad just in America—it’s bad in Europe, too. In England, the unemployment rate is the highest it’s been since 1994, 17 years ago. In Spain, nearly one in two persons under the age of 25 can’t find a job.
