Friday, January 22nd, 2021

You Won’t Believe The Real Jobless Numbers

Published on March 7, 2011 by   ·   No Comments

Jerome R. Corsi/FederalJack.com

The real U.S.unemploymentrate may be 22.1 percent for February, not the 8.9 percent reported by the government, according to economist John Williams, author ofthe “Shadow Government Statistics” website,who has argued for years that thefederal governmentmanipulates the reporting of economic data for political purposes.

The government announced todaythe unemployment rate was reported to have fallen 0.1 percent to 8.9 percent in February, although that is the “seasonally adjusted number.”

According to Bureau of LaborStatisticsTable A15, the “not seasonally adjusted”unemploymentnumber for February was 9.5 percent.

Find solutions for yourself, in “Killing Wealth Freeing Wealth: How to Save America s Economy & Your Own.”

Separately, Gallup disagreed with the BLS, reporting earlier this week thatunemploymenthad risen to 10 percent in mid-February,as seen in the following chart:

But Williams recreates an SGS (Shadow GovernmentStatistics) alternativeunemploymentrate reflecting methodology that includes “long-term discouraged workers” that the Bureau of LaborStatisticsin 1994 under the Clinton administration redefined away from those considered “unemployed.”

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