The government came out with its December unemployment number. A drop of 85,000, and the overall unemployment is still 10%. This is contradictory to “The Recovery” talk we hear all day but the REAL numbers are much worse. The US labor force decreased by 661,000 jobs in December 2009. These are the number of workers who have officially given up looking for work. That definition is anyone looking for work over four weeks is considered by our government to be NOT LOOKING ANYMORE, and are not counted. Over the last year, there have been 1.7 million workers who “Gave Up”. Adding these workers back into the official number and adding the “underemployment” people, those who only can get part time but want full time, the real unemployment rate would be 17.3%. Going back to the 1994 method on how they calculated unemployment, the real number would be 21.9%. Before 1994, people looking for work over a year were still added in the official number. No longer today. Bottom line: 1 in 5 Americans are out of work, but according to the government shenanigans, they don’t exist! Tell that to their families that depend on their paycheck!!!!!  CommentsLeave a Reply | FREE SUBSCRIPTION!Receive Emailed Articles as they are Posted. Click Below on RSS Feed!Jason's Thoughts!My goal is to use this format to bring important and timely ideas to the surface on recent events which I feel will affect all of us financially. ArchivesFebruary 2012 Categories |
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