Quote:
Originally Posted by teomaxxx
from shadowstats.com
" Today, the unemployment number does not include those unemployed who have been discouraged and out of work for more than a year. So they are taken out of the work force completely automatically. This results in knocking about 5 million unemployed out of the broader measures of unemployment.
Thus, unemployment is about 50% higher than is commonly alleged. And thus, "Today unemployment is really up around 12%."
|
Precisely.
And this in fact would be the most blatant example of government dishonesty of all.
You don't ship good jobs overseas, "replace" them with burger flipping jobs and then expect everything to
be okay just because you've cooked the books to
say everything is okay.
It's that simple really and everything else is just frosting on the cake.