Here's the real unemployment rate
Williams recreates a ShadowStats Alternative unemployment rate reflecting methodology that includes the “long-term discouraged workers” that the Bureau of Labor Statistics removed in 1994 under the Clinton administration. The BLS publishes six levels ...
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Real US Unemployment Rate at 23.2%, not 5.5%
Real US Unemployment Rate at 23.2%, not 5.5%
... measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment. The ShadowStats Alternate Unemployment Rate for January 2015 is 23.2%.
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Rosy jobless numbers cover up bad news
NEW YORK – As the Obama administration announced unemployment in June had fallen to 5.3 percent, respected economist John Williams, the author of Shadow.stats.com, argued in his private subscription newsletter that the Bureau of Labor Statistics' rosy ...
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Greece Defaults… Here's What's Next
Greece Defaults... Here's What's Next
... grown at more than 1% per year since 2007; the economy is so bad, the Fed, who was supposed to be raising interest rates in March, then June, and now are still at near zero; and real unemployment is 23%, according to John Williams at shadowstats.com.
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Unemployment rate drop obscures troubling decline in Americans seeking work
The Obama administration once again is touting new data showing job growth and another drop in the nation's unemployment rate, but beneath the surface lies a more bleak picture of the U.S. economy, as more and more Americans disappear from the labor ...
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Obama's America: 92 million don't work
Obama's America: 92 million don't work
“The broad economic outlook has not changed, despite the heavily-distorted numbers that continue to be published by the BLS,” Williams writes in his subscription newsletter on ShadowStats.com. “The unemployment rates have not dropped from peak levels ...
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Los Angeles Boosts Minimum Wage
LOS ANGELES—The City Council on Wednesday approved a raise in the minimum wage to $ 15 an hour by 2020, giving a boost to similar efforts elsewhere but prompting objections from business groups that said it could lead to job losses. The move will ...
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