The REAL Jobless RATE! 19.8%

Discussion in 'Economy' started by GHook93, Sep 4, 2009.

  1. GHook93
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    GHook93 Aristotle

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    Don't be fooled the US government uses a unique way to keep the true jobless rate hidden. Basically they count only people on unemployment. What happens to the unemployed people not on unemployment or the people who used up all there unemployment but are still not employed. Both fall off the spectrum,

    The REAL unemployment rate is 19.8%!!! That is frighteningly close to the Great Depression Levels of 22-25%, where they measure full unemployment not just people on unemployment benefits!

    Read the article!

     
  2. GHook93
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    GHook93 Aristotle

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    I love how this true fact gets ignored! Doesn't anyone get PO'ed that when a person receives their 6 months of unemployment and then is off of unemployment benefits, but has not found a job, they get lumped in with the employed for the unemployment statistic?

    We are closer to the 22-25% unemployment numbers of the great depression than people want to admit!
     

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