Alt-Coin Trader

True US unemployment rate stands at 17.5%


Hey buddy, can ya spare a dime?

“According to figures released by the Department of Labor, the real marker of American unemployment stands at 17.5 percent -- a figure which takes into account under-employed workers and those who have not sought work in the last four weeks, according to a published report.”

I’ll whitewash your fence for a blintz. (The Simpson’s reference)

"If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression," reporter David Leonhardt wrote in Friday's edition of The New York Times.

So what has Obama been drinking?

“President Barack Obama called the figures "sobering," responding to widespread media accounts that placed the figure just over 10 percent, noting the department's calculation of workers who are actively searching for jobs.”

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