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Message Subject HERE COMES THE JULY JOBS REPORT... PRIVATE payrolls jump by 172K!!! BUT UNEMPLOYMENT RISES TO 8.3%!!!
Poster Handle Anonymous Coward
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I just heard the U6 report that includes those who have just given up and are no longer receiving unemployment would place the true rate at 15%.

This is no where near where we need it to be to be in any kind of recovery.

Even the 8.3% that they will admit to is an INCREASE in the number of unemployed.
 Quoting: Bluebird


yes, the agreed upon "real number" is 15%, I've heard that from many sources.

I've also heard that it could be as high as 30%!
 
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