The Real Unemployment tale

If one considers the people who would like a job but have stopped looking -- so-called discouraged workers -- and those who are working fewer hours than they want, the unemployment rate would move from the official 9.4 percent to 16 percent, said Atlanta Fed chief Dennis Lockhart.

Well, at least someone is admitting is really is worse than the 9.4% crap they are conning us with. .

But how does the government know how many people have stopped looking for a job?

Do they call every single employer and audit the applications? No.

Once your unemployment benefits expire, they decide that you are no longer looking for a job.

Crazy right? But that is how the government view things in this mess up country

Truth be told, the actual unemployment rate is over 21% right now. But the government has decided that an imaginary 300,000 new jobs are created every month, so they deduct that number from the totals. They also decide to adjust for seasonal employment, what ever that means, and they pick a number out of thin air, and deduct that from the totals as well.

Then they subtract the 500 to 800,000 folks that are now losing their unemployment each month.

And like magic, you have a manageable 9.4%.

Sounds much better on the evening news. 21% and above is Great Depression numbers, and they simply will not admit to that.

One must keep in mind that during the Depression, unemployment hit 25% for one year only. That was 1933. For the rest of the decade plus it was between 16% and 20%. And it fluctuated up and down.

So if you look at our rate now, and eliminate the funny accounting the government does to put a happy face on things, we are in big trouble. A fact that I think everyone except the government will admit.