Gallup: Faux Unemployment SHOT UP to 8.3%

[GHook93]

U.S. Unadjusted Unemployment Shoots Back Up

According to Gallup, faux unemployment went to 8.3% (from 7.8%) and under employment went to 17.2% (from 15.9%) and work force participation!

Breaking down the numbers!

Unemployment Lowest for College Grads, Whites, Men, and Older Workers

Unemployment rates continue to be lowest for college grads (4.0%), Americans aged 50 to 65 (5.5%), whites (6.5%), and men (6.6%). At the other end of the spectrum, unemployment remains higher than 10% for blacks (12.4%), 18- to 29-year-olds (12.0%), people with a high school education or less (11.4%), and Hispanics (10.6%).

Folks this is bad news all the way around! With all the layoffs that countless large corps have been ANNOUNCED, which have only been announced haven't happened yet, haven't even effected these numbers yet!!! Those layoffs will occur over the next 6 months. It will get worse each month! Hiring is freezing and firing is accelerating!

The only way the numbers go down is how they went down during most of Obama 1st term. So many of the long-time unemployed left the workforce. Workforce participation is LOWER than the Great Depression! WTF!

 

[Lumpy 1]

Liberal/Democrat Utopia.. ain't it Grand..

 

[GHook93]

Liberal/Democrat Utopia.. ain't it Grand..

No it's not and we can only pray that the US economy is strong enough to recover despite Obama and the Democratic machine's foolish policies and actions!

 

[Stephanie]

 

[GHook93]

I am afraid Faux employment will get there and things will get as bad as the did in 2008! I fear TRUE unemployment is in the 20s!!!

Slashing and burning could be a real epidemic!