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10 February, 2011

9% Unemployment Rate is a Statistical Lie

9% Unemployment Rate is a Statistical Lie | Greg Hunter’s USAWatchdog: "The Bureau of Labor Statistics (BLS) released the latest unemployment figures last Friday. There was a stunning drop to 9% from 9.4%. How did that happen? Is the economy really getting better or is the government up to its old statistical tricks. According to the mainstream media, the economy is getting better and the so-called recovery is alive and well...

... [In Truth]...

... after one year, the unemployed are no longer counted in government statistics. If unemployment was computed the way BLS did it prior to 1994, the true unemployment rate (according to Shadowstats.com) would be 22.2%. I wonder why the mainstream media feels compelled to only do stories that support government statistics. There is bona fide analysis that can show government numbers are rigged to make things look better than reality..."

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