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Why the Government's Unemployment Rate is Dangerously Deceptive -- And the Dark Reality it Hides

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Why the Government's Unemployment Rate is Dangerously Deceptive -- And the Dark Reality it Hides Empty Why the Government's Unemployment Rate is Dangerously Deceptive -- And the Dark Reality it Hides

Post by Guest Thu Mar 10, 2011 12:34 pm

The latest jobs report indicates that the unemployment and job creation rates are better than a year ago, but there are problems with the numbers.

http://www.alternet.org/economy/150182/why_the_government%27s_unemployment_rate_is_dangerously_deceptive_--_and_the_dark_reality_it_hides?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=alternet

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Post by Jobless_in_Ma Thu Mar 10, 2011 4:35 pm

That was a good read and spot on.
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Post by gettheminNOVEMBER Thu Mar 10, 2011 4:48 pm

Using the most conservative numbers, we’re still down 7.5 million jobs since December 2007, when the Wall Street crash really started wrecking the rest of the economy. Do the math. Divide 7.5 million jobs lost by 36,000 per month of net new job growth and you get a little over 208 months or 17.4 years until we get back to pre-crash levels. That’s an entire generation! And that assumes we won’t have another recession or Wall Street crash. Fat chance.

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