Comments on: The Road to 4 million (October jobs report) http://www.redstate.com/jazzycmk/2009/11/07/the-road-to-4-million-october-jobs-report/ Sun, 29 Nov 2009 09:53:32 +0000 http://wordpress.org/?v=2.6.1 By: malbis http://www.redstate.com/jazzycmk/2009/11/07/the-road-to-4-million-october-jobs-report/#comment-58 malbis Sat, 07 Nov 2009 18:29:43 +0000 http://www.redstate.com/jazzycmk/?p=53#comment-58 Good summary, and I hope you do continue to update this monthly. It needs to be seen, and talked about. The real unemployment rate, though, is even worse than 10.2%. The way is was reported was changed back in 1993 under Clinton to eliminate a large number of unemployed people and make it look better. The hidden, but still from official Bureau of Labor statistics, unemployment rate is 17.5% for October. That exceeds the previous high of 17.1% back in December of 1982--which was the highest rate since the depths of the Great Depression (when it hit 24.6%). There's a <a href="http://www.redstate.com/malbis/2009/11/06/why-the-true-unemployment-rate-is-more-than-twice-as-bad-as-102/">full break down of the facts and figures here</a>. Good summary, and I hope you do continue to update this monthly. It needs to be seen, and talked about.

The real unemployment rate, though, is even worse than 10.2%. The way is was reported was changed back in 1993 under Clinton to eliminate a large number of unemployed people and make it look better. The hidden, but still from official Bureau of Labor statistics, unemployment rate is 17.5% for October. That exceeds the previous high of 17.1% back in December of 1982–which was the highest rate since the depths of the Great Depression (when it hit 24.6%).

There’s a full break down of the facts and figures here.

]]>