"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Saturday, March 10, 2012

Real Unemployment is at 23%

The Blue line shows the real unemployment rate at 23%.

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

Video  -  Americans getting jobs in India!

  • The economy of India is growing. 
  • First Secretary Comrade Obama is clueless how capitalism works.

By Gary;

The bi-partisan liars in Washington D.C. announced that unemployment stayed flat at 8.3%.

Bullshit.  Any thinking person need only look around to see the economy is falling apart.

Both political parties have worked together to "adjust" the way unemployment is calculate in order to protect the jobs of the hacks in Congress.

The number of good paying jobs are shrinking.  It is not just manufacturing jobs that are being exported.  Pretty much any job that involves a phone and a computer can easily be sent overseas.  There are low wage English speaking nations like South Africa, India and the Philippines that are as eager to take the jobs as Americans are to export them.

Many, many people now hold two low wage jobs instead of one higher wage job just to keep a roof over their heads and their children fed.

Bottom line, the political class of Beltway Hacks do not give a crap.  They have made it to the top and are furiously sucking at the public teat.

No comments: