“In California and a handful of other states, one out of every five people who would like to be working full time is not now doing so. It is a startling sign of the pain that the Great Recession is inflicting, and it is largely missed by the official, oft-repeated statistics on unemployment. The national unemployment rate has risen to 9.5 percent, the highest level in more than a quarter-century. Yet it still excludes all those who have given up looking for a job and those part-time workers who want to be working full time.” (New York Times, Wednesday)

This is what government distortion of the economy has wrought.

FEE Timely Classic
“Wages, Unemployment, and Inflation” by Ludwig von Mises