4.7% Unemployment--The Big Lie

Submitted by lloyd on May 31, 2006 - 6:18am.

Unemployment figures have had dozens of corrections as to who is actually counted as unemployed in the last few years. It’s down to only those people receiving checks for the first six months after being thrown on the street. Let’s take a look at who isn’t being counted:
1) Anyone granted a three month extension, having provided search logs to prove they’ve been looking actively for a job they’re qualified for.
2) Those who were lucky enough to get a second three months of checks because their state had funds enough to provide additional monies.
5) People whose jobs where moved to China, Malaysia, Viet Nam, anywhere but here. The corporations are also allowed to change their headquarters to an off-shore country in the Caribbean and avoid all US taxes. Did I mention the management team still lives in the US, enjoys all the perks of mansions and servants of our country, but pays nothing towards the protection and well-being they so freely demand

The real figures, that no politician has the inclination to investigate, are unemployment between 5-15%, if you add in the under-employed (those working for less than 2/3 of their old wages) the combined rate would be 25-35%. That folks is where the middle class went.