Tag Archive: Real Unemployment


Gallup CEO: Number Of Full-Time Jobs As Percent Of Population Is Lowest It’s Ever Been

 

 

Real Unemployment US

What is U6 unemployment rate ?
” The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts “marginally attached workers and those working part-time for economic reasons.” Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the “marginally attached workers” include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over”

 

” Clifton went on America’s Newsroom today to explain the misleading government numbers.

“ The number of full-time jobs, and that’s what everybody wants, as a percent of the total population, is the lowest it’s ever been… The other thing that is very misleading about that number is the more people that drop out, the better the number gets. In the recession we lost 13 million jobs. Only 3 million have come back.You don’t see that in that number. “ “

 

 

 

 

 

 

 

Thanks to Jim Hoft at Gateway Pundit

 

 

 

 

 

 

 

 

 

 

 

Wall Street Adviser: Actual Unemployment Is 37.2%, ‘Misery Index’ Worst In 40 Years

 

 

 

 

 

” Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

  In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

  Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn’t being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.

“ The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.

Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent.

 

You can see Marotta’s website here as well as other articles he has written here .