The total number of Americans of working age without a job has reached 102.6 Million. “That is not an economic recovery – that is an economic depression of an almost unbelievable magnitude” writes M.Snyder (economic collapse blog). “The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the ‘not in the labor force‘ category.”
To get around the trickery, this number is more interesting: Employement – Population ratio
The American Government is lying about numbers, to present themselves as succesful. The Obama regime claims there are only 7.9 million unemployed in America. 94.7 million people without work do not count as unemployed. ‘Labor force participation‘ – an essentially fraudulent category – began to decline (again) when Obama took office. Note: ‘labor force participation‘ is not the same as having a job. The regime counts only as unemployed, who are inside ‘labor force participation‘, but doing no more then looking for work. Those outside ‘labor participation‘ yet of working age and ability, become a hidden or underreported unemployment statistic.
Large companies lay people off at staggering numbers. In the third quarter of this year they announced 205 759 layoffs, which would make it the worst quarter since the crisis period in 2009. Welcome in America, the world’s sole superpower, where more then 100 million people receive a form of welfare from the Federal Government, unable to make ends meet.
by: Jos Boersema