The Bureau of Labor Statistics is reporting that the unemployment numbers have improved by .2% (down from 8.5% to 8.3%) . Even though it is talked about by a lot of talk show hosts, a lot of people don't realize that the BLS unemployment numbers are misleading. When Bill Clinton was president he had the BLS stop counting the unemployed who had been so for more than 12 months and had given up finding work. It also doesn't count the people who need a full time job but are only finding part time jobs. The true unemployment rate is much higher than is being reported. I have read a lot of different statistical studies that have the true unemployment rate somewhere between 16% and 22%. That is absolutely astounding.
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