I daresay this is correct. Some of those may have part-time jobs.
Welcome to The Great Depression part II.
Brought to you by Hope. Change. And other lies.
I knew the real numbers were bad, but I didn’t imagine they were this awful. In fact, I still hope they aren’t true. But there is no doubt that the Department of Labor has become hopelessly politicized.
I work hard. I don’t feel like I’m getting ahead, and I’ve pretty much lost all hope of a better future. And I feel like a TREMENDOUS sucker for that whole “working hard” part. It just seems ... pointless.
Everything coming from this administration is one huge lie. It’s only agenda is the completely and utter destruction of the USA, both externally and internally. Just imagine the unemployment rate in the inner cities right now as the regime assists millions of foreign invaders to move in, especially after last summer when they stormed the borders and he flew them all over the country.. I remember the first few years of the regime they said the unemployment rate for blacks in New York city was 50%. Today I wouldn’t be surprised if it was 60 to 70%. And they dare call Donald Trump a racist.
Is this the David Stockman that quarreled with Reagan or another one?
42.9? I think Stockman is making fun of us. The current number generously understates the reality, but if it was 42.9% things would be much worse. Double the Great Depression?
Bump
I’ve been saying 40% for a long time. Any number that comes from Washington is fake.
Supervisors and managers at the plant would receive straight time salary no matter how many hours they spent on the floor.
Mandatory overtime pay will result in the reduction of salary for these compensated individuals just to make up for the govt. mandate.........
WEll you have 141 million Americans of working age and you have 92 million out of work so the math is easy. Even at 30% its worse than the 1932 depression.
aside from a few specialized skill sectors, there is almost zero employment on offer for anybody that we can see...
oh yes, there are some retailing jobs on offer, and they look jusr fine but, of course, that’s not a national economy
my best guess is that unemployment (including folks stuck working only limited hours who want more normal employment) is about one in three
the rest (that last ten percent Stockman cites... are indeed without regular jobs... but they are folks who we would not expect, and they themselves would not expect, to be working anyway.... so it is correct to include them in any honest accounting of unemployment BUT most of us think about people who want to work, or should normally be working at their age and if they are physically able to do so.... and that must be over 33% but maybe not Stockman’s full 43%, just observing can’t say exactly
the administration’s figures are patent lies, of course, either way
Could someone tell Ted Cruz this? Maybe he would refuse to help those who caused this disasterous employment situation and come off his idea of increasing H1b visas 500% and retention of illegal immigrant job stealers already here.
How can he?????
Thanks Rush for talking about this...
Yeah, it’s high, higher than the “official” number, but it ain’t 42%, that’s nonsense.
If the unemployment level were even 1/2 of that my commute to work would be dreamy, as it is, it’s hell.
Those aren’t job seekers or welfare recipients clogging the Jersey roads each and every gosh darn day.
interesting
Don't be impressed. Here's why:
Jobs Report Disappoints, Participation Rate Falls to Lowest Since 1977
And Stockman will be the first to tell you, “Statistics are malleable.”