Power of Story
Send a Tweet        
- Advertisement -
OpEdNews Op Eds

Cooked or Accurate US Employment Numbers?

By       Message Stephen Lendman     Permalink
      (Page 1 of 7 pages)
Related Topic(s): ; ; ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com

Author 194
Become a Fan
  (191 fans)
- Advertisement -

Cooked or Accurate US Employment Numbers?


Main Street America is in protracted Depression.

- Advertisement -

by Stephen Lendman

For over a decade, US job prospects have been dismal. Since crisis conditions erupted in 2008, they've been dire for millions wanting work.

- Advertisement -

Since Obama took office in January 2009, job creation has been pathetic. Numbers reported during the weakest US recovery on record largely failed to compensate for others lost.

Monthly Labor Department (BLS) data report inaccurately. America's broken jobs engine isn't explained. The latest 7.8% unemployment rate is blarney. Based on the 1980s calculation model, real unemployment approaches 23%.

You'd never know it from irrational exuberance following the October 5 BLS report. "Better News on Jobs" headlined a New York Times editorial, saying:

- Advertisement -

The report "was stronger than expected." It's also true that more needs to be done "to maintain and create jobs," The Times admitted. It also called the unemployment rate drop from 8.1% to 7.8% "partly due to a statistical fluke and partly to more part-time employment."

Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7

 

- Advertisement -

View Ratings | Rate It

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert