Economic Collapse: Real Unemployment Numbers show we are in Big Trouble

This week the CEO of Gallup made headlines when he called the White House Unemployment numbers a “big lie.” What CEO Jim Clifton wrote in his Blog earlier this week shouldn’t come as a huge surprise, especially to readers of this site, but it is one more voice raising concerns over where this economy is heading.

Clifton writes on his blog:

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.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me; the vast majority of them aren’t throwing parties to toast “falling” unemployment.

That’s right folks; according to Gallup almost 30 million Americans are actually unemployed, a number that you rarely hear about on your evening news.

Even more troubling is according to Jim Williams, an Economist who exposes and analyzes flaws in current U.S. government economic data and reporting, says the actual unemployment number is 23%, a number that takes into account long-term discouraged workers, who were defined out of official existence in 1994.

So how does the government come up with the 5.6% Unemployment Rate number?

U.S. Economy on Fire

This number comes from something called the U-3 Unemployment Rate, a number that excludes people who are long-term unemployed, those who have stopped looking because they can’t find a job, marginally-attached workers, and those forced to work part-time because they cannot find full-time employment.

The Bureau of Labor Statistics monthly Unemployment Rate is, as the CEO from Gallup suggests, nothing more than a “Big Lie”.

But what about President Obama’s 4.5 Million New Jobs?

Well if you believe the White House, and the government/media propagandists, President Obama has added some 4.5 million new jobs to the economy since he took office. What they don’t tell you is that almost every one of those so-called new jobs has gone to immigrants, not native-born Americans.

According to a recent study by the Center for Immigration Studies, since President Obama took office, 67 percent of employment growth has gone to immigrants (both legal and illegal). When you throw in the Bush years, virtually all of the net gain in the number of working-age people since 2000 has gone to immigrants. Both sides have screwed the American public.

And for those who have found employment:

We are in for some real tough time…

If you haven’t started taking steps to prepare yourself for coming economic problems, you really need to take a hard look at what’s going on in this country, and then figure out if you’re prepared to face the coming chaos. I devoted an entire section to financial preparedness and the collapse in my book, The Ultimate Situational Survival Guide, because I believe it’s one of the most pressing issues we face as a country.

5 Comments

  1. tony
    February 6, 2015 at 9:28 am

    Overlooked in this message is that apparently this administration has lost the support of the Gallup organization. Gallup has been in the tank for Obama for the last 6 years. Evidently, even THEY have had enough.

  2. Jake
    February 6, 2015 at 10:01 am

    It amazes me how many people still are surprised at Obama’s policies and constantly analyze why he prefers Muslim’s over our allies, ignores the $18 Trillion national debt, and his anti-American policies. They refuse to believe that he is destroying America on purpose. He is a Communist people and I have to believe that he must be amazed at how much success he has had so far, turning the United States into a third world country and how incredibly ignorant and passive Americans really are.

    • Moman
      February 6, 2015 at 1:20 pm

      come a long way from our rebellious and liberty loving ancestors.. unfortunately.

      • laura m.
        February 8, 2015 at 11:25 am

        Many agree there is very few real men to take a stand today. Most could care less about their children’s and grandkids future. Apathy and dumb as bricks prevail. Hopefully the women will stand up, but that’s doubtful too. Politicians are useless bums who get a paycheck and grant money for doing as they’re told which is mostly nothing, and no more. Voting at this point in time is a farce since the top dogs control the politicians anyway.

  3. SHAWN
    February 7, 2015 at 9:15 am

    I CAN’T BELIEVE PEOPLE ARE NOT IN THE STREETS PROTESTING FOR IMPEACHMENT OF OBAMA .HOW DID HE GET IN OFFICE WITHOUT SHOWING A BIRTH CERT OR BEING A UNITED STATES CITIZEN ANY WAYS,BEFORE HE TOOK OFFICE .HE LIES ABOUT EVERYTHING,BUT MILITARY/GOVERNMENT SECRETS HE’S GIVING TO OUR ENEMIES,OF THE UNITED STATES .GOD BLESS AMERICA AND LONG LIVE FREEDOM.DON’T BE SHEEP PEOPLE

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