Saturday, March 05, 2011

Unemployment Rate Scam

The lies being foisted on the American public about reduced unemployment are based on a single statistic, the so-called unemployment rate. It is claimed this has now dropped to 8.9%. However what Obama never mentions is the "exclusions" that are used to make the rate look better.

Currently the government con artists are reducing the size of the "labor market" included in the calculation. In 2007, under Bush, the so-called "participation rate" in the labor market was 67.1%. Today, under Obama, that "participation rate" is down to 63.9%. This artificial reduction in the labor force is a scam. What it does is allow Obama to pretend that 3% of Americans, more than 10 million people, are not considered unemployed even though they are unemployed.

They are simply excluded from the labor force by statistical manipulation. Most of the 10 million people who had jobs under the evil Bush but who have lost their jobs are no longer even considered relevant under Obama. Their hunger and lack of opportunity to work is ignored. They don't count. They are no longer a part of the ""labor force" you see.

If they were counted, the unemployment rate would be over 12%!


At 9:28 PM , Blogger Amin said...

I honestly feel the unemployment rate is near 20-30%.. Nobody is shopping anymore


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