Yesterday I heard an anchorperson on one of the alphabet TV networks enthuse, once again, about the economy getting better!!!!!!
That’s a lie.
The U.S. economy is getting worse.
This just in from Gallup, the jobless rate is now 9.1%;
“U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December.”
“In addition to the 9.1% of U.S. workers who are unemployed, 10.0% are working part time but want full-time work. This percentage is similar to the 10.1% in January, but is higher than the 9.6% of February 2011.”
Gallup adds the 9.1% jobless to the 10% who want full-time work but can only find part-time work, which makes the real unemployment rate a whopping 19.1%.
And if you add to the 19.1% figure the 88 million Americans who are long-term unemployed and are no longer even looking for work, then America’s true unemployment rate is even higher.
Here’s a hint: In January 2012, the percentage of adults participating in the U.S. labor market fell to 63.7%, the lowest level since May 1983.