dwhipwhipplez

I have been a contractor for major IT corp for nearly 2 years now. My dad was one for the same company for 5 years. We are all fucked.

Molo66

Also, doesn't the unemployment rate not include people not looking for a job?

crankypants15

Yes. Unemployment rate U-3 only includes people actively looking for a job. It does not include people who have given up nor people whose benefits have run out. (Which happened several times in the Great Recession.) The U3 really doesn't mean much these days.