It’s quiz time, people. Let’s start with an easy one: What percentage of working-age Americans are unemployed and looking for work?
If you guessed about 6 percent, give yourself a pat on the back. You have a pretty good understanding of the unemployment rate, one of the basic measures of economic well-being. If, on the other hand, you guessed 32 percent -- which would rank America among the most desperate nations on Earth -- then you guessed just like the average American!