RE: Yes! .01% growth and 7.5% unemployment is PROOF that this approach works.
Whenever I see someone tout the so called 7.5% or 7.6% unemployment rate, I know that he is IGNORING THE RECORD NUMBER OF PEOPLE WHO HAVE DROPPED OUT OF TH WORKFORCE WHO ARE *NOT* (REPEAT *NOT* ) COUNTED when they do this monthly survey.
True. was just taking the ‘official’ numbers to make the point. The reality is much, much worse.
> Whenever I see someone tout the so called 7.5% or 7.6% unemployment rate, I know that he is IGNORING THE RECORD NUMBER OF PEOPLE WHO HAVE DROPPED OUT OF TH WORKFORCE WHO ARE *NOT* (REPEAT *NOT* ) COUNTED when they do this monthly survey.
I’ve heard that the true unemployment number is near to 16 % and possibly as high as 21 %. Everyone I know has taken a significant hit to their income under the current regime.