The Government released their unemployment statistics this morning and according to them the unemployment rate remained unchanged at 10% and only 85,000 people lost their jobs.
What a joke. What they don’t tell you is that the real measure of unemployment, U-6 moved up to 17.3%
What they also don’t explain is this:
Nov 2009
Civilian labor force: 153,720,000
Employment: 138,381,000
Unemployment: 15,340,000
Not in labor force: 83,022,000
Dec 2009
Civilian labor force: 153,059,000
Employment: 137,792,000
Unemployment: 15,267,000
Not in labor force: 83,865,000
843,000 more people are now considered “Not in the labor force” from November 2009.
Where did these people go? They all retire? Become independently wealthy? Doubtful! More like they ran out of unemployment benefits or are so disgusted with the labor market that they have given up all hope.
Biggest joke is that the Government thinks Americans are stupid enough to believe their fairy tale numbers.
