Thursday, May 24, 2012

 
 

 
 
 
 
 
Non-government numbers say unemployment is skyrocketing
Advertisement
Tuesday, November 30, 2010
Text Size: increase text size decrease text size

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


Topics: Economy | Politics | Boondoggle
RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.