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Unemployment Rate At Staggering 22.5%

Unemployment Rate At Staggering 22.5%

John Williams, of Shadowstats, notes that manipulated government statistics are not changing the fact that the true SGS Unemployment Measure now sits at a staggering 22.5%. Williams can only use comparisons from the Great Depression to put things into proper perspective. Here is what Williams had to say: “The Economy Still Is Not Recovering. As discussed in the Opening Comments and Executive Summary, irrespective of the nature of the factors that helped to boost (recent) labor data, the general outlook has not changed. Even after the 2011 upside benchmark revisions, the January 2012 payroll employment level remains below the level that preceded the 2001 recession, more than a decade ago.”

Read more:http://www.moneytrendsresearch.com/unemployment-rate-at-staggering-22-5/