Absolute proof that unemployment is 20%

[sofia]

The attached link takes you to Labor Department's Bureau of Labor Statistics.

The U3 number is what the government reports to the media (9.8)

U-3 figure DOES NOT include discouraged and partially discouraged workers. But those numbers ARE included in U-5.

According to U-3, a struggling guy who cant find work, then gives up and checks into a homeless shelter or a tent, ...because he's depressed out of his mind...is actually good economic news because he has just lowered the U-3 rate!

U-6 includes people who lost jobs and are working part time but want to work full time. U-6 is at 17%....But according to media driven U-3, someone who made $70,000 per year, lost his job...but just took a 20 hour a week / $10 an hour gig waiting tables....has just lowered the U-3 unemployment rate...more good news!

BUT even the more comprehensive U-6 DOES NOT include independent contractors and small business owners who are out of work. THESE FOLKS DON'T GET w-2 forms.

Most mortgage brokers, real estate brokers, recruiters are independent contractors....and a lot of them are out of work. So, add another 2-3% to the U-6, and unemployment is actually 20%!!

THESE ARE GOVERNMENT NUMBERS
http://www.bls.gov/news.release/empsit.t12.htm

[HOLLYWOOD]

Ben Bernake states today:

"ASIAN RECOVERY ...a strong rebound is, in fact, under way."
"The United States must increase its national saving rate."
"... we must avoid ever-increasing and unsustainable imbalances in trade and capital flows"

How you ELITIST MORON or an ELITIST HYPOCRITE?

How the hell does this guy get approval for reappointment to another term as FED chairman? I mean, the US economy is following apart, 20% UNEMPLOYED, tent cities springing up everywhere, housing has collapsed even with propping it up, homeless shelters maxed out, food banks depleted...

An Empire of Lies backed by all 4 branches of government.

[Feenix566]

It's 17%.

It's amazing that no one in the mainstream media ever reports this.

[ClayTrainor]

So i guess the next depression is pretty dam close

[HOLLYWOOD]

Slaves work for food and water... they will be considered fully employed by the Masters that rule.

[TCE]

Besides the fact that Senator Bernie Sanders (I-VT) admitted that the government's 9.7% is false and the real unemployment is around 17%?

[TexanRudeBoy]

http://www.shadowstats.com/