Most Americans just assume that the economic numbers that we are being given accurately reflect reality. That is why it is so refreshing to have men like Jim Clifton step forward and tell the truth. His recent article entitled "The Big Lie: 5.6% Unemployment" is making headlines all over America. The following is an extended excerpt from that article...
There's another reason why the official rate is misleading. Say you're an out-of-work engineer or healthcare worker or construction worker or retail manager:And Gallup is being extremely generous.
If you perform a minimum of one hour of work in a week and are paid at least $20 - maybe someone pays you to mow their lawn - you're not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.
Yet another figure of importance that doesn't get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find - in other words, you are severely underemployed - the government doesn't count you in the 5.6%. Few Americans know this.
There's no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.
And it's a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual's primary identity, their very self-worth, their dignity - it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen's talents, training and experience, we are failing the great American dream.
Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the U.S. is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older.
















Comment: The official US unemployment rate is 5.7% The true rate is more like 45%. The U.S. is not too big to fail - as it flails in the death throes, it is bound to take its citizens with it. The richest individuals in the planet control the flow of wealth. They use this wealth to influence politicians, the media and the overall economy. They also dominate positions in government. They don't particularly like to share, so be prepared! See also:
Oligarchs vs. masses: 85 richest people on Earth as wealthy as half world's population