Tuesday, December 9, 2008

Real Unemployment-13-18%

"The recent government official unemployment figure of 6.7% is not an adequate reflection of our deteriorating economy. The official rate includes only people who told a government surveyor that they had looked for a job in the last four weeks. The Alternative measure, which includes workers no longer looking and part-time who want full time work, is closer to 13% and rising rapidly:" Allen L Roland

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"With one in ten Americans on food stamps ~ don't let the Bush administration's current unemployment figure of 6.5% fool you. The McKinsey Global Institute estimates the de facto unemployment rate in the United States is 16.25%. Thus, there appears to be 25 million, not 10.1 million Americans who are no longer working or looking for work, and that figure is before the pending collapse even gathers steam."

Op Ed News

Folks when we hit over 20% that is arguably Depression.

Revolution

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