Tuesday, April 07, 2009

Gov’t data fatally flawed! Real jobless rate hits 19.8%!

The U.S. government’s Bureau of Labor Statistics (BLS) shocked the world Friday with the release of its official, headline unemployment number: A surge from 8.1 percent to 8.5 percent. But it’s really a lot worse. This number (called “U-3″), although invariably cited by the press in the headlines, is the narrowest, most sugarcoated measure of U.S.

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