Real Unemployment Rate Hits 16.8%

[elehhhhna]

Real Unemployment Rate Hits 16.8%
Submitted by Tyler Durden on 09/04/2009 08:22 -0500

BLS Bureau of Labor Statistics Green Propaganda REAL Real Unemployment Rate Spain U-6 Unemployment


As markets digest the worse, yet somehow better, than expected 9.7% unemployment, the real state of the labor market is much worse, as indicated by the U-6 number, which has hit a recent record of 16.8% on a seasonally adjusted basis. As a reminder, the "U-6 represents total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers." In other words, in reality the U.S. labor market is likely about as bad as Spain in terms of undoctored jobless data.


http://www.zerohedge.com/article/real-unemployment-rate-hits-168

[orpupilofnature57]

1. What was it during the depression , 20% I think.

[Robeysays]

2. 24.9 percent

[orpupilofnature57]

3. Thank you , Rummy needed another Pearl Harbor ,we need another

F.D.R

[NecklyTyler]

4. Bush trashed the place in only 7 years

How many years will it take to recover?

It is time to sequester the right wing and fix this country. We don't need the Republicans to govern

[girl gone mad]

5. It started with Reagan.

and unfortunately, the Democrats did their part under Clinton (NAFTA, repeal of Glass-Steagall)

[NecklyTyler]

6. At least we were withing spitting distance of a balanced budget with the Big Dog

Now we got squat. Bush did that to us

[elehhhhna]

7. they did it on purpose. a free-for-all.

[TahitiNut]

9. ...

[Kansas Wyatt]

8. And the REAL poverty line is way above what the government has it set at.

But they will NEVER admit that, because our Corporate Government has to keep people beat down and indebted to the Corporate Government Store. And it doesn't matter which flavor is in charge, if the lesser of two evils only offers Chump Change Token Efforts.

Nothing will improve for 'We The People' until Corporate America has been kicked out of our government. Until then, smoke and mirrors and a shell game the People will never win.