Here’s a funny video explaining the true unemployment numbers that the BLS just released.
The Bureau of Labor Statistics (BLS) announced today that the unemployment rate for November fell to 10%. This figure represents 15.4 million officially unemployed people.
In reality there are over 26 million Americans who are either jobless or underemployed. The “real” jobless rate takes into account part-time workers seeking full-time work, discouraged job seekers and persons furloughed from full-time to part-time status. The real rate of unemployment is 17.2% and is a more accurate indicator of the labor market.
Here’s a very interesting video on the global trends in child survival rates and increasing prosperity of nations. You can see the correlation between health and wealth.
Hans Rosling is is Professor of International Health at Karolinska Institute and Director of Gapminder Foundation in Sweden. He studied both statistics and medicine and also developed the amazing graphical tool that he uses in the video.
Its by far one of the most interesting videos on statistics I’ve ever seen. While it’s not really related to making money, understand a correlation between seemingly non-related issues can often lead to money making ideas.