The real unemployment rate: 11 percent

Posted on December 15, 2011 | Comments Off on The real unemployment rate: 11 percent

No big surprise. The real-er rate is probably closer to 20 percent.

But, officially, it’s only about 8.5 percent, because of the way the feds manipulate the data. Whoa, there’s a revelation.

They can’t allow their Donk administration to seem like it’s presiding over a new depression, which more than a few think that, indeed, it is.

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0 responses to “The real unemployment rate: 11 percent”

  1. SnoopyTheGoon's avatar SnoopyTheGoon | December 17, 2011 at 9:31 am |

    Feds manipulate data in every country – democratic or totalitarian. So yes, one must keep a handy multiplier for data like that.

  2. Dick Stanley's avatar Dick Stanley | December 17, 2011 at 4:13 pm |

    Our feds have a curious way of doing it. When the Donks are in power, they manipulate unemployment downward. When the Elephants are, they manipulate upward. Very flexible.