I don’t believe ‘em (The fraud that was last week's jobless report)

New York Post ^ | 08/06/2012 | John Crudele

[SeekAndFind]

It’s cheatin’ time in Washington. I’ve long believed the Labor Department’s monthly employment statistics are horribly inaccurate. So bad, in fact, that they are hardly worth compiling.

But I never thought the numbers were fudged — until now. The government reported yesterday that 163,000 jobs were created in July and that the unemployment rate rose by 0.1 percentage points to 8.3 percent.

[null and void]

[BitWielder1]

Never did. The real numbers are much higher.
Under Bush, 5% was considered REAL BAD and had to regurgitated by the media every week.

[cpdiii]

Your chart showing the current SGS rate of unemployment is the way it would have been calculated during the great depression.

The average rate of unemployment during the great depression was 17% for over a decade. The highest point was 25%. Using the same methodology as during the great depression our present unemployment rate is 23%. We have also been over 17% for the last 2-1/2 years.

We are now 2-1/2 years into a depression. Our "real" unemployment rate of 23% is only 2% below the highest level during the great depression. The real rate of unemployment is increasing and is not decreasing. The policies of FDR prolonged the Great Depression. The policies of Obama are quite similar and also will prolong this current depression.

If those policies continue this will become the SECOND GREAT DEPRESSION.