Less than a year ago…


From Zero Hedge:

The Real Unemployment Rate: In 20% Of American Families, Everyone Is Unemployed

From the article:

According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working.  So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh.  One-fifth of the families in the entire country do not have a single member with a job.  That is absolutely astonishing.  How can a family survive if nobody is making any money?  Well, the answer to that question is actually quite easy.  There is a reason why government dependence has reached epidemic levels in the United States.


Here’s a reminder for those who have forgotten: The unemployment rolls only count those who are being paid unemployment. Which is limited. Once you are off their rolls and you still haven’t found a job you are no longer counted. So, what the real number’s are is anyone’s guess.

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Posted January 22, 2015 by Sue Says in category The Economy

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