Friday, October 05, 2012

Unemployment Rate at 7.8%!

What a complete farce by the Bureau of Lies and Scams (BLS).  Does anyone really believe these numbers are valid?  I will have more later on this unbelievable farce put forth by the BLS.  But, in the meantime, look at the following chart on the "Employment Participation Rate," and you tell me if you are confident .  Now, why is this chart so relevant?  First, the "Participation Rate" indicates the ratio of people actually employed to the civilian labor force.  Second, if you don't have a job, you don't have income to spend; and, of course, you don't pay taxes into the government coffers.  Third, the participation rate for September 2012 stood at 63.6%, which was lower than a year ago when the ratio was 64.2%. 


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