My husband and I were talking the other day about the unemployment rate. Many people at his company got laid off, and I was telling him what I was seeing in the news about the DJIA and unemployment rates, that sort of stuff. I thought I’d put together a list of some links to the kind of stuff I see in the news.
While this first article is from 2014, the numbers haven’t changed all that much.
Wall Street adviser: Actual unemployment is 37.2%, ‘misery index’ worst in 40 years
Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.
In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.
Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn’t being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.
“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.
Here you can see how the unemployment rate spiked after the 2008 election: Bureau of Labor Statistics Data
Here you can see how the Labor Force Participation Rate has steadily declined since the 2008 election: Bureau of Labor Statistics Data
Here is an article demonstrating how the disability rate goes up when unemployment rates go down: Unfit for Work The startling rise of disability in America
And another article about that: The Number Of US Citizens On Disability Is Now Larger Than The Population Of Greece | Zero Hedge
Here is an article about the increases in food stamps: Food Stamp Beneficiaries Exceed 46,000,000 for 38 Straight Months
The number of people on some kind of support keeps growing, while the number of people providing that support keeps lowering. This is not sustainable. The government cannot continue to provide, when the providers are out of work. Nor should the government be providing these kinds of things for people. That is the responsibility of families, churches, communities, and organizations designed for such things. The government’s declared Constitutional role is to provide for the national defense, not food stamps.