Paul Craig Roberts: Government Lies on Unemployment — New Book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West

Phi Beta Iota:  In one sentence: unemployment is 23% (40% among recent college graduates and those well past mid-career); inflation is 9.1%. Staring Armageddon In The Face But Hiding It With Official Lies According to the Bureau of Labor Statistics, the US economy created 236,000 new jobs in February. If you believe that, I have …

SmartPlanet: World Unemployment Rising, Western World Unemployment Has Global Impact

World unemployment rate on the rise By Tyler Falk | January 22, 2013, 7:06 AM PST Despite two consecutive years of falling global unemployment, the number of jobless is once again on the rise. And projections for future years aren’t looking much better. According to a new report from the International Labour Organization, the global …

Paul Craig Roberts: The Real Unemployment Rate(s) — and Tips on Getting Past USAJobs Guilloutine

Paul Craig Roberts: The real unemployment rates – a study in information credibility Official Unemployment: U.3  8.1% Mid-Term Real Unemployment:  U-6 14.7% Actual Unemployment (All):  22.4% and rising Includes analysis of the new jobs (not enough to provide for those new to the employment market such as immigrants and graduates).  Bottom line: bar tenders and …

Joshua Kilbourn: ShadowStats Truth on Unemployment versus USG Lies

John Williams – Unemployment Rate at a Staggering 22.2% John Williams, of Shadowstats, notes that manipulated government statistics are not changing the fact that the true SGS Unemployment Measure now sits at a staggering 22.2%.  Williams also demonstrates that despite the hype from Wall Street about a recovery, parts of the economy remain collapsed.  Here …

Josh Kilbourn: Breaking Faith – $1 Trillion Student Debt Bubble Bursting — Unemployment Rate in US for 18-24 is 46%

The First Crack: $270 Billion In Student Loans Are At Least 30 Days Delinquent Back in late 2006 and early 2007 a few (soon to be very rich) people were warning anyone who cared to listen, about what cracks in the subprime facade meant for the housing sector and the credit bubble in general. They …