11 September, 2012
The Real Unemployment Numbers Are Worse Than You Are Being Told
I've been saying this for a long time, including just recently here and here. My numbers were a WAG, however; nice to see that somebody did the research to be able to post the actual figures.
The Real Unemployment Numbers Are Worse Than You Are Being Told: According to the Obama administration, the unemployment rate in the United States has been slowly coming down over the past couple of years. But is that actually true? When you take a closer look at the data you quickly realize that the real unemployment numbers are much worse than we are being told. For example, if the labor force participation rate was the same today as it was back when Barack Obama first took office, the unemployment rate in the United States would be a whopping 11.2 percent. But every month the Obama administration has been able to show "progress" because of the fiction that hundreds of thousands of Americans are "disappearing" from the labor force each month. Frankly, the way that they come up with these numbers is an insult to our intelligence...