From Gallup:
Unemployment, as measured by Gallup without seasonal adjustment, was at 10.2% in mid-March — essentially the same as the 10.3% at the end of February but higher than the 10.0% of mid-February and the 9.8% at the end of January. The U.S. unemployment rate is about the same today as the 10.3% rate Gallup found in mid-March a year ago.
Given the way the Bureau of Labor Statistics has been playing around with the employment numbers (and always in a way that helps Obama and his Bankster buddies….hmmmmm….), we should probably look towards Gallup to get a real idea of where unemployment is. And this probably does understate it given that if labor force participation over at the BLS was at the 10 year average we’d be at nearly 12% unemployment right now (but we can’t have that sort of official number…it would harm the “we’re recovering” meme).
Bottom line – the “recovery” has been anything but, and worse is probably coming.
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