Your Paycheck Compared to that of Professional Athletes

With recent announcements that the US unemployment rate is the highest we’ve seen in 26 years, it is likely little consolation to know that professional athletes are being paid much much more than the average employed.

The Miami Herald notes:

Since the recession began in December 2007, the number of unemployed Americans has risen from 7.6 million to 15.1 million. The unemployment rate has doubled to 9.8 percent – the highest since June 1983 – rising another tenth of a percentage point in September.

It was a lousy report from top to bottom, with the average workweek for production and nonsupervisory jobs falling slightly to 33 hours in September. That number should be going up in an economic recovery.

Fun times for the employed and unemployed alike.