Wednesday, September 1, 2010

Unemployment rate is misleading


While my initial reaction reading your Aug. 25 "Blaine County Unemployment Drops" article was to smile, those figures only tell a tiny part of the story.

If you count all the people in this county who are only working part-time (but want to be working full-time), those who've been forced for budgetary reasons to work one less day a week now, and also people who've been forced to take in some cases huge pay cuts in order to keep their job, the real "unemployment" rate here is much closer to 12-15 percent—not the 7.6 percent stated in the article—which goes a long way toward explaining why so much of the money being earned in this valley is steadily going out of this valley, and with it, still more jobs.

John Pluntze

Ketchum




 Local Weather 
Search archives:


Copyright © 2018 Express Publishing Inc.   Terms of Use   Privacy Policy
All Rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Express Publishing Inc. is prohibited. 

The Idaho Mountain Express is distributed free to residents and guests throughout the Sun Valley, Idaho resort area community. Subscribers to the Idaho Mountain Express will read these stories and others in this week's issue.