Today's unemployment rate worse than that of the Great Depression
November 4, 2012Source: Against Crony Capitalism, Nick Sorrentino
Over the years how we define “unemployment” has been massaged and restricted in such a way that the term does not mean what most people think that it means- that is people who would like to work who are out of work.
For instance the long term unemployed are not counted in today’s unemployment statistics. Once they are off of the unemployment benefit roles because their benefits have run out, they become non-humans as far as the statisticians in Washington are concerned.
The below information comes from the folks at Shadowstats.com, a great website which compiles the real numbers in the economy, not the politically correct ones.
We are in a depression.
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