8.1%…MY FOOT!

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Who are they trying to kid? The fake employment figures came out today with those in power wanting you to believe the unemployment rate is 8.1%. Yup…election year anyone. These people are hoping that a country that pays more attention to what the Kardashians are doing on a daily basis will just take it as gospel that hey…”elect us…the unemployment rate is down again! Yeah!

What they won’t tell you is that arbitrarily, they have taken a gargantuan 522,000 out of the labor force in April, enabling the unemployment rate to come down. I would like a list of those names. Bet they can’t give you one.

The number of people not in the labor force rose that 522,000 from 87,897,000 to 88,419,000 …the highest on record. The labor force participation rate just dipped to a new 30 year low of 64.3%. If the job market was really getting better, MORE people would be entering the work force…not the other way around. The participation rate topped out in the early 2000s but look at the plunge since 08…which has not abated.

Labor force participation Rate:

People not in labor force:

Charts courtesy of https://www.zerohedge.com

One Comment

  1. I get so exasperated as i am one of those out of work and
    hear about the unemployment rate being near 8% when some of us know that the numbers are wrong. I ran out of my enemp. yesterday. i am done. now they will lower the rate
    because i am off the rolls. How ridiculous. Why isn’t there more refuting of those figures. i only hear a few even on fox say they are wrong. how can they not make an
    issue of it and make they tell the truth. my state of wv
    has had me on special continuance for several months. I can no longer get that special money now that the rate has dropped to 8%. I would get a continued claim if the rates
    were up. I am giving up as much as i love to work and need
    the money but if i work i am taking away from someone else
    who might need it more.I am on social security after being
    in the work force for 53 years.I will fight to make do even tho that is not my choice. i am 71 with lots to offer.
    i just don’t understand why these figures cannot be corrected and stated so loud that it would overshadow the lies.
    Thank you.
    Priscilla mayne

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