Monday, April 06, 2009

The Real Unemployment Rate

15.6%

That's right. As this report points out, our government misrepresents the unemployment rate by how they calculate unemployment figures. For example, I am not included in their calculations. Why? I don't receive unemployment, due to my work record -- much of which involved part-time work. So if you count those who have stopped looking for work, who no longer qualify for unemployment, who have gone back to school, and those who are underemployed, the true unemployment rate jumps from over 8% to over 15%.

When it comes to government numbers, you must always remember that they are always engaged in a game of how to lie with statistics.
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