Brace Yourselves!

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REAL unemployment rate: 22.4%

Exposed! How government lies with job statistics


Editor’s Note: The following report is excerpted from Jerome Corsi’s Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and senior managing director of the Financial Services Group at Gilford Securities.
The real unemployment rate for December 2011 is closer to 22.4 percent, not the 8.5 percent reported by the Bureau of Labor Statistics, Jerome Corsi’s Red Alert reports.

John Williams, author of the “Shadow Government Statistics” website, argues that the federal government manipulates the reporting of economic data for political purposes.

In the Jan. 6 Bureau of Labor Statistics news release, the unemployment rate was reported to have fallen 0.2 percent to 8.7 percent, as revised for November 2011.
Williams recreates a Shadow Government Statistics alternative unemployment rate reflecting methodology that includes “long-term discouraged workers” that the Bureau of Labor Statistics (in 1994 under the Clinton administration) redefined those considered “unemployed.”
The BLS no longer considers as “unemployed” those workers without jobs who have not looked for work in the past year because they feel no jobs are available.
Williams has demonstrated that it takes an expert to truly decipher BLS unemployment statistics. For instance, in Table A-15, titled “Alternative measures of labor underutilization,” the BLS reports what is known as “U6 unemployment.” U6 unemployment includes those marginally attached to the labor force and the “under-employed,” those who have accepted part-time jobs when they are really looking for full-time employment.
While the BLS was reporting seasonally adjusted unemployment in December 2011 at only 8.5 percent, it was also reporting U6 seasonally adjusted unemployment in December 2011 was 15.2 percent.
The only measure BLS reports to the public as the official monthly unemployment rate is the seasonally adjusted U3 number.
Williams calculates his “Official SGS Alternative Unemployment Rate” by adding back into to the BLS U6 numbers those long-term discouraged workers who have not looked for work in the past year.
Interestingly, Williams’ “Official SGS Alternative Unemployment Rate” shows unemployment in December 2011 was 22.4 percent, the same as in December 2010, whereas the BLS figures were designed to report nearly a one-point decline, from a seasonally adjusted U3 rate of 9.4 percent in December 2010 to a 8.5 percent rate in December 2011.
~Tom in NC

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0 responses to “Brace Yourselves!

  1. Sounds more like the truth. thanks for the post Tom. Liars,thieves and crooks. “Throw Them All Out!”

  2. Doesn’t shock me at all…you watch, they’ll keep doing lib math w/those stats in order to help get Skippy re-elected.

  3. Then PEOPLE know the real truth but are afraid to speak up because they might hurt someone’s feelings. I don’t care about hurting someone’s feelings when it is the truth. I’m tired of all these bastards coverning for one another. The media covers for their government owners, and they make it sound like the government is really trying, when actually they don’t give a shit! That is the very reason that we will end up with ANOTHER lying Bastard so they can finish cutting up America to the highest bidder. The STUPID American People had better wake up and see the real truth and it’s NOT on the LIARS BOX in your living room! Every one of the Candidates are part of the NEW WORLD ORDER (except for Ron Paul) yet you STUPID people can’t wait to put another Monkey on the Chain of the ELITIST, back in the very office that will DESTROY America. There 70 some registered Socialist in our Congress and you don’t care about that either. That’s the very people that want to destroy America and our way of life! WTF is it going to take to WAKE YOU ALL UP? Wait till they come for you in the night and put you in a work camp? It’s comming and if you don’t think so, you are soon to have a RUDE AWAKNING! Semper Fi.

    • Vic, Vic, Vic…as one of the STUPID people that can’t wait to put another Monkey on the Chain of the ELITIST, back in the very office that will DESTROY America, I just had to respond to this post. You think Ron Pail will save the US, I have to totally disagree with your assessment, even though I am stupid, I do have an opinion. He was a congressman for 11 terms and has accomplished absolutely nothing, because he does not play well with others. Sorry but we need a president that can make coalitions and get the grid-lock out of the government… Just my stoopid opinion…
      Oh, have you see this article? Ron Paul’s Soros Defense Plan

  4. For the methodology behind the statistics :
    Trying to understand Ron Paul haters….
    is like trying to fathom Obama lovers.


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