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Shadow Stats - Unemployment is 20%

June 9, 2009

Shadow Stats is reporting that the Unemployment rate in the United States is at 20% if measured like it was in the 1930′s. Meaning for an apples to apples comparison, we are in the year 1933, with 1934 being the worst year at 25%.

sgs-emp

Many people view the Shadow Stats economists as more “real” than the fudged government numbers that drop counting the unemployed as unemployed when their benefits run out. Shadow Stats also counts the former Banker that was forced into a minimum wage part time job at McDonald’s as unemployed, whereas the government accounting states he is employed now.

Even though his salary went from $10,000 a month to $500 a month and is facing foreclosure.

The fact is that the unemployment rate is at about 20%, already at great depression levels circa 1933 and with a completely valid potential to reach the depression level of unemployment.

To be honest, the worst of the great depression came at that time, and from that point moving forward we entered into an economic recovery, but even during the recovery unemployment was still staggering.

So you have put this in perspective, if unemployment was 50% one month and the next month it’s at 49%, you are in some sort of recovery… but try telling that to the 49% of the people looking for a job.

Now you know how the government views a recovery..

Written by TheFounder · Filed Under Advertising Agency News 


Comments

  • Jane Quatam

    Google has this labeled as (satire). I think numbers the government has been releasing are satire, these numbers in this article ring true. The unemployment office parking lots are so full they are using overflow parking at nearby churches and businesses. Its like being at the mall(before the depression), they constantly break in on the P.A. system to announce the license plate numbers of cars that are going to be towed.

    I have at least 25 friends who have gotten laid off since 1/1/2009 - I can’t recall seeing a downturn this severe in half a century. The fact that the government is loaning money (our money) to car makers, banks, insurance companies and anyone else with a hand out is certain to stick out like a sore thumb whenever the propaganda machine starts telling us how this is just another insignificant recession and green shoots are sprouting everywhere.

    I think this is going to be a 5 to 10 year depression with peak oil and whipsawing energy prices snuffing out any signs of growth as soon as they appear.

    I hope I’m wrong, but I doubt it.

  • Jane Quatam

    Google has this labeled as (satire). I think numbers the government has been releasing are satire, these numbers in this article ring true. The unemployment office parking lots are so full they are using overflow parking at nearby churches and businesses. Its like being at the mall(before the depression), they constantly break in on the P.A. system to announce the license plate numbers of cars that are going to be towed.

    I have at least 25 friends who have gotten laid off since 1/1/2009 - I can’t recall seeing a downturn this severe in half a century. The fact that the government is loaning money (our money) to car makers, banks, insurance companies and anyone else with a hand out is certain to stick out like a sore thumb whenever the propaganda machine starts telling us how this is just another insignificant recession and green shoots are sprouting everywhere.

    I think this is going to be a 5 to 10 year depression with peak oil and whipsawing energy prices snuffing out any signs of growth as soon as they appear.

    I hope I’m wrong, but I doubt it.

  • http://intensedebate.com/people/The_Founder The_Founder

    It will take 5-10 years for people just to start paying off their credit card debt… they need to do this prior to them even thinking about making new purchases..

  • http://intensedebate.com/people/The_Founder The_Founder

    It will take 5-10 years for people just to start paying off their credit card debt… they need to do this prior to them even thinking about making new purchases..

  • john

    Thanks for the honest numbers-could you shed light on how the government will skew or factor the statistics next month when umpteen million high school and college grads hit the streets with no jobs to be had! Do they not count because they haven't first obtained a job to be laid off from or just how does that work?

    john

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