The Real Unemployment Rate: In 20% Of American Families, Everyone Is Unemployed

Zero Hedge ^ | 4/29/14 | Tyler Durden

[Nachum]

According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working. So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh. One-fifth of the families in the entire country do not have a single member with a job. That is absolutely astonishing. How can a family survive if nobody is making any money? Well, the answer to that question is actually quite easy. There is a reason why government dependence has reached epidemic levels in the United States. Without enough jobs, tens of millions of additional Americans have been forced to reach out to the government for help. At this point, if you can believe it, the number of Americans getting money or benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million.

[TheOldLady]

Tacky people do tacky things.

Shut up, peasants. Michelle wants her reparations, and she’s going to get them. Spending millions and
millions of the rich Americans’ dollars for vacations and bling is just a basic right of the first lazy.

[CodeToad]

240 million adults.
97 million have a job of any sort.
About 25 million have full-time salaried jobs.
Federal government goes into debt 50% of every dollar spent.
State and local governments are better but still circling the drain.

This is not good.