By Robert G. Yetman, Jr., Managing Editor, The James L. Paris Report
According to the Bureau of Labor Statistics, (click here) from which we all receive the “official” number each month, unemployment in America is at 5.3 percent (as of May), which is a relatively decisive drop from the 6.1 percent mark at which the BLS declared the level to sit in May of 2014. However, the unemployment rate has become very much a function of the eye of the beholder…and it all depends, it seems, on just what prism through which the beholder is looking....
Who knew? The brilliant man behind these figures states there is mystery in the Bureau of Labor Statistics. A, ha. Politicians cannot be trusted with our hearts and facts about why we are suffering so much on a day to day basis.
For example, let’s talk briefly about the difference between U-3 and U-6 unemployment rates....
Defund the Secretary of Labor!
The government (click here) reports today that unemployment is officially at 5.3 percent in May, down from 6.1 percent in May of last year, according to the Bureau of Labor Statistics, an agency of the U.S. Department of Labor. Former Reagan administration Budget Director, David Stockman, says the real unemployment rate in the United States is now about 42.9 percent. Could our real unemployment rate really be that high?...
'I doubt this study will be find itself to the national presidential debates.
According to the Bureau of Labor Statistics, (click here) from which we all receive the “official” number each month, unemployment in America is at 5.3 percent (as of May), which is a relatively decisive drop from the 6.1 percent mark at which the BLS declared the level to sit in May of 2014. However, the unemployment rate has become very much a function of the eye of the beholder…and it all depends, it seems, on just what prism through which the beholder is looking....
Who knew? The brilliant man behind these figures states there is mystery in the Bureau of Labor Statistics. A, ha. Politicians cannot be trusted with our hearts and facts about why we are suffering so much on a day to day basis.
For example, let’s talk briefly about the difference between U-3 and U-6 unemployment rates....
Defund the Secretary of Labor!
'I doubt this study will be find itself to the national presidential debates.
