18 votes

The Unemployment Rate is 22.9%. Paul Craig Roberts on the Establishment cover-up.

The Bureau of Labor Statistics has another official unemployment rate known as U.6. The difference is that U.3 does not include discouraged workers who are not currently actively seeking a job. (A discouraged worker is a person who has given up looking for a job because there are no jobs to be found.) The U.6 measure includes workers who have been discouraged for less than one year. The U.6 rate of unemployment is 14.4%, about double the headline rate.

The U.6 rate does not include long-term discouraged workers, those who have been discouraged for more than one year. John Williams estimates this rate and reports the actual rate of unemployment (known as SGS) in November to be 22.9%.

If the U.S. government will mislead the public about unemployment, it will also mislead about Syria, Iran, Iraq, Afghanistan, Libya, Somalia, Pakistan, Yemen, Lebanon, Palestine, Russia, China, and 9/11. The government fits its story to its agenda.

http://lewrockwell.com/roberts/roberts379.html



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Thanks

Posted on Twitter.

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

You can find backup for this stat and other ominous signs @....

www.shadowstats.com

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

So how do we get people aware that times are worse

than the great depression? As I have found in my research, we had a peak unemployment rate of 24.5% but it only lasted that bad for around 9-12 months.

With credit failing, jobs leaving, employment falling and permeating, inequality rising and sentiments everywhere, one would think it would be easy to show even the large sleeping masses how this all ties back to the big banks.

And then I wake up...

tamckissick - The modern day depression is hidden

Many of the most powerful Great Depression images feature lines. Between lines for bread, lines for food, and lines for jobs, historical photographs often make it look like the entire country spent the decade between 1930 and 1940 waiting in line. Those are visually brutal images that showed a society living in hunger and poverty, and they were hard to ignore.

Eighty years later, it is harder to tell who is treading water and who is drowning. With social security checks direct deposited into bank accounts, job hunts moved online and food stamps offered on debit-style cards, it is possible to remain completely ignorant of the depression we are in. What you will notice if you pay attention is that people are becoming prisoners in their own homes, apartments, or motel rooms.

In the electronic money age...the government has been able to "hide" all the people that are suffering by directly depositing their unemployment checks, welfare checks, and using EBT cards instead of "food stamps".

PROFOUND Observation

Thank you. In a nutshell you have pointed out the failings of almost everyone in the media, Alt or MSM.!

"Don't blame me, I voted for Kodos!"- Homer Simpson

I know what you mean...

about the sleeping masses. Whenever I try to tell people what's really going on, they look at me as though I told them a UFO was in the parking lot! I think they will only listen when all welfare, unemployment benefits, foodstamps, and SS run out.

"Don't blame me, I voted for Kodos!"- Homer Simpson

I initially got frustrated too

Then I started my own facebook group. That grew well until I, once again, realized that all the members wanted to do was to complain and collect/share info. No one wanted to act on anything.

This led me down a different road. I formulated a plan where we could entice people to do the right thing by attracting them with the very things we complain about being their motivations now. In other words, if people want to be greedy and selfish and only interested in cool, shiny things, then we give those things to them. If people only make purchasing decisions based on the cheapest rollback prices, then we give those to them also.

I gathered all the needs of people and found businesses that supply those things in shiny packages and cheaper (owned vs. payments). Each of them now exists and can be had for cheaper than today's family costs.

I then gathered all the rest we think we need, like cell phones or healthcare or media or insurance, etc. I either found companies that offer a solution or I produced a plan to do so.

Either way, all of these can be done by a small group of people each to provide a self sustaining business that will spread prosperity to those who (cough) fall for their shiny low prices.

In this way, people will be getting off the debt train while becoming self sustaining (think off the grid in every aspect one at a time) and all the profits that used to go to the big banks will now stay in the communities.