Skip to comments.The Real Unemployment Rate: In 20% Of American Families, Everyone Is Unemployed
Posted on 04/29/2014 8:14:42 PM PDT by Nachum
According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working. So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh. One-fifth of the families in the entire country do not have a single member with a job. That is absolutely astonishing. How can a family survive if nobody is making any money? Well, the answer to that question is actually quite easy. There is a reason why government dependence has reached epidemic levels in the United States. Without enough jobs, tens of millions of additional Americans have been forced to reach out to the government for help. At this point, if you can believe it, the number of Americans getting money or benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million.
(Excerpt) Read more at zerohedge.com ...
The list, Ping
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These families don’t have to ‘reach out’ to the .gov. GOV buys airtime and spends billions reaching out to THEM. Gathering them onto the plantation.
We are employing tons of Chinese, who are now challenging us militarily. Cheap imports are killing us and draining our wealth. Cheap imports cost us when we buy them and again when we pay to support all the unemployed Americans, and again when we pay extra because those Americans didn't contribute their share of taxes.
Yes, it’s bad and probably won’t be getting any better for many years! Blame whoever you want, but it will not help nor get better for many years.
We are b-a-r-e-l-y scraping by. Worst economy I’ve ever seen in my whole lifetime
piece of **** were going to do what to him?
Please disregard that last post, was replying to two threads at once.
What I intended to post here was that the methodology the BLS uses to calculate the unemployment rate has gone through quite a number of revisions over the years, and is not really reflective of reality - much like the CPI.
If we used the same metrics to gauge inflation and unemployment as we did during Carter’s administration, today’s “misery index” would have made it well beyond 30.
Please disregard that, that reply was meant for one of the fifty million Sterling threads I was replying to. I had a couple of tabs open with response window, and mistakenly posted that here.
socialist democrats 2016: buying your votes with the wealth we’ve confiscated from others, and taking all the credit for’it
Its another Nobama recovery summer!
... as he drives the “bankrupt America” knife even deeper by running up energy costs and debt... When is America going to wake up and fix the crap in the WH?
I agree 100%.
Let me repeat you please: We are employing tons of Chinese, who are now challenging us militarily.
America we are buying massive amounts of Chinese products.
All of our money is flowing to China, which is getting ever stronger.
Bring back American manufacturing.
This was reported on FNC where they said this includes homes where both people are retired.
The unemployment rates during the Great Depression
1929 - 3.2%
1930 - 8.9%
1936 - 16.9%
1937 - 14.3%
1938 - 19.0%
1939 - 17.2%
We no longer have soup lines, we have EBT cards and 99 months of extended unemployment followed by enrolling for Social Security Disability benefits after the 99 months of unemployment runs out.
All paid for by borrowing 50 cents for every dollar the government spends.
Happy days are here again, brought to you by “Hope and Change”
What part of that 20% not working is simply a single or pair of retirees?
No, no, no...
You just don’t understand. This allows them more quality family time, without being burdened by the curse of a job!
GET WITH THE NEWEST NEWSPEAK, will ya?