Jim Clifton, CEO of the polling service Gallup, wants to expose a conspiracy theory so vast that it will indict not just the government, but Wall Street and the media as well. These three entities have worked in concert to prop up the “Big Lie” that America’s unemployment rate is a mere 5.6%, as the Labor Department claims.
Writes Clifton in a blog post published Tuesday on Gallup.com:
Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.
Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.
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5 comments:
For the first time in history, more people are working part time hours than full time which is 30 hours or more. The government is considering part time employees as employed which is false. You can thank Obama Care for this!
It was reported a couple of years ago that if the government used the way it calculated the figures in the great depression, we are in another one.
There are three more franchise eateries going to built at the Centre and the old Zia's property. More competition for local restaurants that are struggling now. Franchises mean more money leaves the area, they have to fund CEO, COO, presidents, vice presidents etc. that contribute nothing to this area.
I only eat at local family run businesses. The money stays in the community. Corporate franchises send the money to their corporate office. They don't do jack for the community except offer employment at low wages. Management sends in their own people. The Hyatt in Cambridge is a good example of this.
YES
it is a lie.
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