[chimera]

Fudged numbers or not, 7.8% is nothing to be proud of. I remember when the ‘Rats were complaining about George Bush's 4.5%. Obama and the ‘Rats and the media are now crowing about 7.8%, over three points higher than Bush, and that is somehow good? I guess that is the “new normal”, that and $5/gal gasoline.

[Freedom4US]

John Williams (shadowstats.com) said today in an interview with Jim Puplava, that the same methodology as used in previous decades but also using official figures yields an unemployment rate oft 22%.

He did a good job of explaining how the figures are massaged, too.