Friday, May 6, 2011

Unemployment Rises to 9%. The "Real" Number is 15.6%.

244,000 jobs were added to the US economy in April 2011.  Hey, great.  But the US is still down 7 Million jobs since 2008.   The unemployment rate rose back up to 9%, which is the number widely reported by the mainstream media.

However, when the "U-6" unemployment rate is examined, the "real" unemployment rate is 15.6%: those who are underemployed, who are involuntarily working part time, those who have stopped looking.

Scariest Job Chart Ever via CalculatedRISK
Click for larger image in new window.

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