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alstry (< 20)

The Unemployment Joke!!!!



August 01, 2008 – Comments (1)

We were supposed to lose 70K jobs and have an unemployment rate of 5.6%.


We only lost 51K jobs HOWEVER unemployment jumped to 5.7%.

I estimate that BLS statistics added about 3 million jobs that never existed through birth/death adjustments....we should see these numbers unwind over upcoming reports adding about 2% to unemployment.

Teen unemployment now stands over 20%....the worst since WW2.

Our government statistics are now being ridiculed by analysts....hang on.

1 Comments – Post Your Own

#1) On August 01, 2008 at 9:49 AM, investmentcafes (72.61) wrote:

Hi glad to see your comment but..want more Insight into the " FACTS"...see my blog.Have a great day.! Happy trails.

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