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MSM: 'Real' Jobless Rate: 17.5%

When the truth surfaces, the story should be reported.

The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
Thursday, 19 Nov 2009 | 1:22 PM ET
By: Jeff Cox
CNBC.com

As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed.

According to the government's broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number is at the highest rate since becoming an official labor statistic in 1994.

The number dwarfs the statistic most people pay attention to—the U-3 rate—which most recently showed unemployment at 10.2 percent for March, the highest it has been since June 1983.

The difference is that what is traditionally referred to as the "unemployment rate" only measures those out of work who are still looking for jobs. Discouraged workers who have quit trying to find a job, as well as those working part-time but looking for full-time work or who are otherwise underemployed, count in the U-6 rate.

With such a large portion of Americans experiencing employment struggles, economists worry that an extended period of slow or flat growth lies ahead.

"To me there's no easy solution here," says Michael Pento,

More:

http://www.cnbc.com/id/34040009

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i live in a friendly . . .

it's hard to be awake; it's easier to dream--

place, semi-rural--

people on the streets and in stores don't smile as much--

More cars are parked in the driveways on work days--

parking lots with fewer cars in them--

it is seriously scary, and my state is NOT among the worst at all--

we may not be the best, but we are above average for prosperity--

I bump this and contribute to this for a reason. I know some seriously wealthy people who have laughed about the economy worsening and have laughed at the attempts of some of us who have less to garden, etc.--live more simply, buy less.

And now that I am seeing this, I feel compelled to warn people that it's not time to laugh at those who garden and live simply.

it's hard to be awake; it's easier to dream--

SteveMT's picture

1988vote: Your impressions about changes in your town...

are real and not imagined. You are doing the right thing, and the picture you paint with your words hit home for me.

Whomever is laughing about what is occurring will get worse when their time comes, and they have no sense that is happening now to you will also eventually happen to them. There will be less of them to fight, so they will be worse off, like the bigger they come, the harder they fall. Either we stand and fight this tyranny together or we will hang separately. There is nowhere to run to permanently get away from this tyranny. Let them keep laughing as you till you garden and live simply. When the markets close, they will be knocking on you door and asking how do they make a garden.

Your post is great.

or they'll be knocking on your door

demanding your vegetables for the common good

the lesser of two evils is still evil

________________________________
the lesser of two evils is still evil

Talked with my SunTrust banker

a few weeks back about pulling my money out in one lump sum. For those that don't realize; if you want your cash (anything over a few thousand bucks) you have to give the bank time to pull the money together (and I ain't talking big money either).

I couldn't believe his response- he said;

"Well if everybody thought like you, people would be hoarding canned-goods and stocking-up on guns and ammo!"

No... the rich folks don't "get it"- yet. All they're experiencing is a minor inconvenience.

but we are supposidly in

but we are supposidly in recovery.... BS.. liars....

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

but we are, bad karma,

haven't you ever heard of a "jobless" recovery?
at least that is what the "experts" in the white house are calling it. can't understand that people believe that.

________________________________
the lesser of two evils is still evil

lol... the government is

lol... the government is pulling the wool over peoples eyes.. they lie and the idiots in this country believe them..

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

great post Steve

sad numbers...
___________________
"a half truth is a full lie" old Jewish saying quoted by Gary Null
exposing big pharma and their deadly vaccines
http://www.youtube.com/watch?v=gavenB_AJ9A

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

meekandmild's picture

bump

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