They also don't take into account people who are underemployed, as I was last time around (shortly after 9/11). But the majority of people are still employed ;-)
My point is that one of the things I tried to remind myself as I was unemployed oh-such-a-short-time-ago, is that the vast majority of people still are employed. It's easy to look at the "OMG it's at 13%!" rather than the "OMG 87% are still employed!"
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