Washington : Please Don’t lie about Unemployment
February 27, 2009
If unemployment was counted the same way it was in the 1930’s we would currently have an unemployment rate of about 13.9% according to the official government documents.
The government has 6 standards of unemployment… U-1, U-2, U-3, U-4, U-5 and U-6. U-6 is roughly how they counted unemployment in the 1930’s … right now the number normally citied is U-3… huge.. massive … difference in the numbers.
The U-3 is showing only a 7.6% unemployment rate, whereas the U-6 is showing nearly at 14% unemployment rate. At the worst of the great depression, we had a 25% unemployment rate… the official documents are showing that we are 56% the way to the worst of the great depression…. the only difference is that we are not anywhere near the bottom yet.
We are urging the government to use the U-6 instead of the U-3 as the official unemployment rate. It’s the only one that is truthful to the plight of the American public.
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Washington : Please Don’t lie about Unemployment…
"If unemployment was counted the same way it was in the 1930’s we would currently have an unemployment rate of about 13.9% according to the official government documents." And yet, the idiotically Pollyanna-ish media keeps repeating the off…
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