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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 409.23-1.0%Jan 7 4:00 PM EST

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From: carranza25/4/2012 12:03:47 PM
1 Recommendation  Read Replies (3) of 219096
 
Someone please explain this to me:

Considering that the rate of participation in employment has dropped, how can unemployment drop, too? Considering that in 2008, the rate of those who were unemployed for more than a year was about 9.5% and it is now, get ready, put a seatbelt on, about 29.5%, how can unemployment be the laughable figure of 8.1%?

data.bls.gov

See, also:

seekingalpha.com

It's a simple thing to make mincemeat of the BLS figures. I suspect the total unemployment figure, including discouraged workers and those who are unemployed for more than a year but who are not counted in the headline figure because I suppose they don't exist anymore, is in the range of 12-15%.

The figures wil be massaged thoroughly so that Obama gets re-elected.

This is becoming seriously Orwellian.*

* The Orwellianess of the manipulation of BLS and inflation figures is sickening. A look at CPI shows that it does not account for food or energy costs despite the label "Consumer Price Index." Don't consumers eat or use energy and pay for the privilege?
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