U6 - real unemployment - increased from 16.5% to 16.7% which is the highest since April. Of course, this was UNEXPECTED!
BULLCRAP!
I don’t want our economy to fail as it hurts my family, friends and folks I don’t even know, but love.
I don’t trust them. I’d like to know the names of companies who actually hired FULL TIME WORKERS.
I heard a news guy on CNN the other day talking about the “real” unemployment rate being at 16%. He said the official rate was 9.5%, I believe from last month, but that the “real” rate was higher. He just mentioned it as an afterthought in the segment he was reporting. It struck me that these news guys know something we don’t; i.e. that the official unemployment rate number reported in the MSM is artificially kept lower than the actual rate, based on how they do the calculation.
Or, is it an open secret that the “real” unemployment rate is well into double digits percentages, but officially, the administration is working hard to somehow keep the official number below the magic 10%????
But hey, Wall Street thru a Party this week, we lose 54K jobs, have a National Debt increase of $80 Billion in one day this week. We are 120 days from a massive tax increase.
These guys must be sniffing paint on the way to the trading floor.