Ron Paul says Real Unemployment Figure is 20%

[bobbyw24]

(CNN) – A week after proposing his economic recovery plan, Republican presidential hopeful Ron Paul said Sunday that the true unemployment rate in the United States is higher than the 9.1% estimated by the Bureau of Labor Statistics.

"I think the downturn in the economy occurred in the year 2000," Paul told CNN, adding that there have been no new jobs since then "and yet we've had a 30 million increase in population."

"Just go out and talk to the people - unemployment rate in the true numbers (is) over 20%, so there's been a depression," Paul said after an appearance on NBC's "Meet the Press."

http://politicalticker.blogs.cnn.com/2011/10/23/ron-paul-says-unemployment-is-20/

[Sematary]

What's AMAZING, and maybe we're seeing a turning point here, is this - NO WHERE in the story did the writer saying anything to the effect that RP was a "longshot" for the nomination. :-)
I consider THAT an important development.

[Bern]

John Williams @ shadowstats agrees:

http://www.shadowstats.com/alternate_data/unemployment-charts

http://www.shadowstats.com/imgs/sgs-emp.gif?hl=ad&t=

[oyarde]

And , he is about right !

[DamianTV]

John Williams @ shadowstats agrees:

http://www.shadowstats.com/alternate_data/unemployment-charts

http://www.shadowstats.com/imgs/sgs-emp.gif?hl=ad&t=

Heh, I was about to say that I believe that figure is higher than that, but that is my experience locally, not nationally, but you've got the figures to back that statement up.

[bobbyw24]

High unemployment, not inflation, is the biggest problem facing the U.S. economy today, a top Federal Reserve official known for his hawkish views on inflation said on Monday.

"Inflation is not the problem in the United States right now," Dallas Fed President Richard Fisher said in Toronto. "The trending analysis here at the Dallas Federal Reserve indicates that inflation will trend toward 2 percent. I buy that analysis," he said.

"That's not the issue, the issue is unemployment and job creation. We have to figure out how to put people back to work," he said, warning unemployment can lead to social disorder like that sweeping Greece.

Fisher, a voting member of the policy-setting Federal Open Market Committee, has said that the Fed has done all it can to stimulate growth in the economy.

http://www.moneynews.com/Headline/fed-fisher-jobs-inflation/2011/10/24/id/415509

[oyarde]

During the Great Depression , there were 5 unemployed people for each new job available . There are six now .

[TonySutton]

During the Great Depression , there were 5 unemployed people for each new job available . There are six now .

Source? I would love to spread this information

[oyarde]

If you google the unemployment rate tables in the 1930's and the US Census tables , 1930 & 2010 you will see it . In 1930 , population was roughly 122.7 million , 2010 , roughly 308.7 million . I wish , I could remember the article where I found it all , but it has been some time since I read it , but the unemployment rate has changed , very little since I found the article.

[oyarde]

Try googling Center for American Progress " Todays unemployment crisis by the numbers " , probably 6/03/10

[oyarde]

I only typed the word numbers once and it will not let me edit it , if I hit edit , it appears only once ...