“When federal emergency programs are included, the total number of jobless benefit recipients was 9.16 million people in the week that ended Aug. 22, up from 9.14 million in the previous week. Congress has added up to 53 extra weeks of benefits on top of the 26 typically provided by the states.”
THAT IS THE REAL number to worry about. Long term unemployment is rising rapidly. An increase in long term unemployment of 200k in one week! Extend that over 52 weeks and you have another 10 MILLION people unemployed.
As much as Obama and his Labor Dept try to massage the numbers, 550k weekly claims will continue to translate into much higher unemployment numbers down the road.
The only way they are keeping the overall unemployment number down is to drop people they claim ‘have stopped looking for work’. Even the Messiah can’t cover this up for much longer.
Right, and there are thousands and thousands of people who are losing their unemployment benefits each month. They are no longer counted as ‘unemployed’.
My guess is that the REAL unemployment figure is around 20% or more..........
correction, increae equals over a million jobs lost not 10 million.