Skip to content

Unemployment figures are deceptive

March 5, 2011

The link below will take you to an article and video by Rick Santelli, famous as the starter of the protests against overspending and excessive debt.

But the key point is this – our figures we see in the paper are deceptive. Unemployment is at least 14.2% just by using the governments own data to tell the whole story.

4.4% of our labor force just disappeared

Why? Because what the the numbers don’t show. The facts are about 64% of those who work or want to work actually have jobs. This compares to a figure of 67% in late 2008. This is a hidden disaster – 4.4% of our labor force has just disappeared (3/67), it’s gone.  And it makes no sense that such a large number of our labor force no longer wants to work in such a short time.

This alone means our more accurate unemployment, first tier calculation, shold be about 9.8% plus 4.4% or 14.2% – not the number you see.

Link: http://www.cnbc.com/id/41911006

Advertisements
Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: