Thursday, March 24, 2005

U.S. unemployment rate is 23%; 70% in parts of the U.K.

http://www.exilemm.com/e-sub-realunemployment.shtml

The real unemployment rate is 23%

"The federal government claims the unemployment rate for 2004 was 5.5% But the government’s 'unemployment rate' statistic is a propaganda device. It does not count as 'unemployed' people who are 'not in the labor force.' According to economist Richard DuBoff.

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http://www.annmckechinmp.net/Parliament/parliament_20020201.htm

Ann McKechin MP on Unemployment in Glasgow, Scotland:

"We still have substantial areas in our constituencies where the majority of the adult population is not in work - either on the unemployed register or on some other form of benefit. In some areas this group can be as high as 70% of the total population."

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