From Michael Carr: The unemployment rate is probably the most widely watched economic indicator. In part, that’s because the Federal Reserve ties its policies to the rate.
The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) opened lower this morning, hurt by worse-than-expected unemployment data and mixed earnings results from several big-name companies.
The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation. For the month of September, the federal government told us that 142,000 jobs were added to the economy.
Did you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was back in 2008?
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If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we are much worse off than we were just prior to the last economic crisis.
On Friday, we learned that the official “unemployment rate” has fallen to 5.5 percent. Since an unemployment rate of 5 percent is considered to be “full employment” by many economists, many in the mainstream media took this as a sign