Latest Hard Metal Pricng

Tuesday, October 19, 2010

22.5% Is The Real Unemployment Rate In The United States


Just another example of something you won't find in the 'lame-stream' media.
"The official unemployment rate held steady at 9.6%, but the so-called underemployment rate, which includes labor-force dropouts and part-timers who would rather have a full-time job, surged to 17.1% from 16.7%. John Williams of Shadow Government Statistics—whose call for a negative payrolls number cited here was right on the money—further adjusts the underemployment rate to count folks who have been out of the labor force a year, who don't get counted among "discouraged workers" by the government. By his tally, true underemployment hit 22.5% in September, up from 22% in August, and a new high for the cycle but not one to crow over."

Read full article here-->> 


Why the Housing Market Fiasco is fueling troubled times explained here.

Do Any Of The Political Pundits Understand This?  Doubtful Very Doubtful,  Wake Up America!