Are you sick of the BLS propaganda? Then, do the following calculations, which are provide by ZeroHedge: the US civilian non-institutional population was 242,269 in January 2012, which is an increase of 1.7 million month over month. Now, apply the long-term average labor force participation rate of 65.8% to this number and you get 159.4 million. That is what the real labor force should be. The BLS reported it as 154.4 million: a tiny 5 million difference. Then add these people who the BLS is purposefully ignoring yet who most certainly are in dire need of labor and/or a job to the 12.758 million reported unemployed by the BLS and you get 17.776 million in real unemployed workers. What does this mean? That using just the BLS denominator in calculating the unemployed rate of 154.4 million, the real unemployment rate actually rose in January to 11.5%. Compare that with the BLS reported decline from 8.5% to 8.3%. And that is how with a calculator and just one minute of math, one strips away countless hours of BLS propaganda.
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