From SHTF Plan:
The 2 million people that go off the unemployment insurance benefits will no longer be counted as "unemployed" or "underemployed," which ends up benefiting the government's monthly unemployment statistics in a positive way.
Though we are told that the official unemployment rate is about 9.6%, and the underemployment rate is north of 16%, the actual numbers, according to John Williams of Shadow Stats, indicate that we're looking at more than one in five Americans (22%) currently out of work. These are Great Depression numbers, folks, and they're only going to get worse.
This is just the first round of people losing benefits, and it will continue until jobs return to America - which isn't going to be anytime soon. The government simply cannot continue to offer the benefits indefinitely…
Read full article…
More on unemployment:
Unemployment could surge after the November elections
Why unemployment could remain high for decades
How to make the unemployment rate collapse immediately