March 12, 2013     Permalink economy Submitted by Michael Dewey

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Staring Armageddon In The Face But Hiding It With Official Lies: click here

The presstitute media attributed the drop in the headline unemployment rate (U3) to 7.7% from 7.9% to the happy jobs report. But Rex Nutting at Market Watch says that the unemployment rate fell because 130,000 unemployed people who have been unable to find a job and became discouraged were dropped out of the U3 measure of unemployment. The official U6 measure which counts some discouraged workers shows an unemployment rate of 14.3%. Statistician John Williams' measure, which counts all discouraged workers (people who have ceased looking for a job), is 23%.