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Friday, 1 April 2011

Actually, We Have 10 percent Unemployment



The unemployment figures provided monthly by the government are always revised and can never paint a true picture of the job market. With the manipulations by the Obama government, Americans can't trust what bogus unemployment numbers the government projects. Therefore, Gallup provides an actual real number of our current state of our economy. Without seasonal adjustments, this country had a 10% unemployment in the month of March. It is a decreasing trend, but still way above the psychological threshold of 8%. Underemployment gives a true picture of our job market and it fell 19.3%. This is really high, and it is not surprising that the government won't disclose it.

(Gallup) PRINCETON, NJ -- Unemployment, as measured by Gallup without seasonal adjustment, was 10.0% in March -- down from 10.2% in mid-March and 10.3% at the end of February, but above the 9.8% at the end of January. U.S. unemployment was 10.4% at the end of March a year ago.

Underemployment combines part-time workers wanting full-time work with those who are unemployed. Both groups' readings fell in March; consequently, underemployment also fell, to 19.3% from 19.9% in mid-March and at the end of February. Underemployment was more than a full percentage point higher one year ago.

The percentage of part-time workers who want full-time work was 9.3% at the end of March -- down from 9.7% in mid-March and 9.6% in both February measurements. The current percentage remains higher than the 9.1% at the end of January but lower than the 10.0% of a year ago.

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