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Making 9 Million Jobless Vanish: How The Government Manipulates Unemployment Statistics

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At danielamerman.com

a detailed look at the government's own data base shows that about 9 million people without jobs have been removed from the labor force simply by the government defining them as not being in the labor force anymore. Indeed - effectively all of the decreases in unemployment rate percentages since 2009 have come not from new jobs, but through reducing the workforce participation rate so that millions of jobless people are removed from the labor force by definition. When we pierce through this statistical smoke and mirrors and factor back in those 9 million jobless whom the government has defined out of existence, then the true unemployment rate is 19.9% and rising, and not 8.3% and falling. 74% of the jobless who have been removed from unemployment calculations are in the 16-54 age bracket, with only 26% in the 55 and above bracket.

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At danielamerman.com

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If you read the entire article, which is very good... by AAA AAA on Tuesday, Mar 20, 2012 at 11:50:42 AM
Today the US economy produces just under $200,000 ... by Richard Clark on Wednesday, Mar 21, 2012 at 10:37:59 AM