Thread: Economics Unemployment Falls to 7.7%
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Old 12-10-2012, 03:36 PM   #31
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Quote:
Originally Posted by cosmo20002 View Post
A falling unemployment rate? A hell of a lot better situation than he inherited the first time.

Unemployment rate is really 22.9%


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A government that wants to cut the social safety net doesn’t want you to know that the unemployment rate is 22.9%.
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Statistician John Williams (shadowstats.com) calls the government’s latest jobs and unemployment reports “nonsense numbers.
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The U.S. government simply lowers the unemployment rate by not counting all of the unemployed. We owe this innovation to the Clinton administration. In 1994 the Clinton administration redefined “discouraged workers” and limited this group to those who are discouraged for less than one year. Those discouraged for more than one year are no longer considered to be in the labor force and ceased to be counted as unemployed.

If the U.S. government will mislead the public about unemployment, it will also
mislead about Syria, Iran, Iraq, Afghanistan, Libya, Somalia, Pakistan, Yemen, Lebanon, Palestine, Russia, China, and 9/11. The government fits its story to its agenda.

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If the “free and democratic” Americans cannot even find out what the unemployment rate is, how do they expect to find out about anything?
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