Watchwoman: I’m no financial expert. Not anywhere near close to one. However, I am not obtuse either. Please hear this!
Last month, they added 115,000 new jobs. That is not enough to keep up with new people entering the work force; therefore, as people enter the work force there’s fewer and fewer jobs available to each person who wants to work.
Also, as people’s unemployment compensation runs out after 99 weeks, they are no longer considered part of the unemployed work force. They just disappear from the unemployment government statistics. Viola, it looks like the unemployment is dropping, but it is actually increasing and the recession is, by that standard, getting much worse.
Go to www.shadowstats.com where you’ll note that the real unemployment rate is 22.3%. Also, check out there at www.shadowstats.com what the real inflation rate is.
If you want the truth and to learn what the government is not telling you, go to www.shadowstats.com.
The following is from another source revealing the same thing that the U.S. Government is fudging on the unemployment rates and feeding the American population a crop of happy talk.
If the government were being truly honest with you and me, my friend, they would be telling us how many of American citizens are working instead of what the percentage of how many of the people are unemployed. ▬ Donna Calvin
People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981
Submitted by Tyler Durden on 05/04/2012 08:40 -0400
It is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record.
HOWEVER!!!!
The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.
Labor force participation Rate:
People not in labor force:
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Posted by Donna Calvin — Saturday, May 5, 2012
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