Friday, August 07, 2009

Todays unemployment figures came out and showed a slight drop. Not true. The discouraged job seeker is not counted, and part time workers are not counted properly, they are often listed as being fully employed. We lost hundreds of thousands of jobs in July, unemployment in a dozen states is over 20%...part of the confusion this month over the numbers stems from the difficult task of tracking small business hirings/layoffs, firings...the 'counters' in DC merely guessed or deliberately fudged the books, vastly overestimating small business hirings.

The economic recession/depression rolls on.


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