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Fed Official: Actual US Unemployment at 16%

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posted on Aug, 28 2009 @ 06:48 AM
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in the Headlines list (#17) at Democracy Now's website, (scroll about 3/4 down the page)


Fed Official: Actual US Unemployment at 16%
A Federal Reserve official is backing estimates of a higher US unemployment rate if the under-employed and those not actively seeking jobs are taken into account. Atlanta Fed Chief Dennis Lockhart says the real unemployment rate would move from the official 9.4 percent to 16 percent with those numbers factored in.


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The Governments official numbers are always factoring things to disinform us of the real data. Why? Absolute power corrupts absolutely.

[edit on 28-8-2009 by imd12c4funn]




 
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