Thursday, February 21, 2013

Real unemployement numbers way worse than you thought

Did you know that if you have been long-term job hunting and haven't been able to find work, you are NOT considered unemployed? Since 1994, the long-term jobless were dropped from the official unemployment calculation. If you use the old formula and include the long-term jobless, our current unemployment rate is actually over 23% and CLIMBING. Check the blue line here...

This chart from shows the original unemployment calculation compared the the "official" numbers you see on the news. The also have REAL inflation numbers (around 5%), GDP (-2%), and other statistics that have been highly manipulated over the years. I recommend bookmarking their site and using their information over the government's bogus statistics.