Shocking! Unemployment shoots to 17.3%
The Bureau of Labor Statistics appears to be intentionally understating the current unemployment rate, most likely with an aim to bolstering the Obama administration’s claim that the unemployment rate is improving as jobs are created in a recovering economy, Jerome Corsi’s Red Alert reports.
In a news release on Feb. 4, the unemployment rate was reported to have fallen 0.4 percent to 9.0 percent in January 2011, even though only 36,000 non-farm jobs were created.
The report further claimed the number of persons unemployed in January 2011 decreased by about 600,000, to 13.9 million people, while the labor force was unchanged.
“Truthfully, it’s all in the classifications,” Corsi explained. “Tracking down the different definitions of unemployment used by the BLS is an exercise in how the Obama administration lies with statistics.”
And now… the rest of the story. …..
Harold
