January 9, 2013     


iceland, bankers, economy, ows


Submitted by Michael Dewey
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Washington's Hegemonic Ambitions Are Not in Sync With Its Faltering Economy: click here

Keep in mind that the 7.8% unemployment rate (U.3) that is headlined by the financial media does not include discouraged workers who have ceased to look for jobs. The government's U.6 rate includes workers who have been too discouraged to seek work for less than a year. This rate of unemployment is 14.4%, almost twice the U.3 rate that the media prefers to report.

 

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