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U.S. Economy Continues to Suffer High Unemployment

January 14th, 2014

The December 2013 jobs reported recently released by the U.S. Bureau of Labor StatisticsĀ  shows, on paper, a steep decline in the unemployment rate, to 6.7 percent, versus 7 percent for November. Yet, not even the usual happy chorus was cheering what, on the surface, was positive economic news. The BLS also showed that a mere 74,000 jobs were created in December by the U.S. economy.

Depending on various statistical measurements, the American economy must produce at least 150,000 jobs per month, and more realistically 200-250,000 just to keep even with the normal flow of new entrants into the U.S. labor market, based on natural population growth. In other words, based on the statistic of 74,000 jobs created in December, the actual unemployment rate in the United States should have increased rather than decrease. The reason why the official U.S. unemployment rate dropped to 6.7 percent is that a large number of long-term unemployed Americans have left the job market, either voluntarily, or arbitrarily based on the BLS statisticians deciding not to count them among the officially unemployed.

The official numbers can be ignored; in truth the United States continues to suffer the ravages of high unemployment-and underemployment-nearly six years after the onset of the global economic crisis.


If Hillary Clinton runs for President of the United StatesĀ  in 2016, see the video about the book that warned back in 2008 what a second Clinton presidency would mean for the USA:


Hillary Clinton Nude


Hillary Clinton Nude


Hillary Clinton Nude

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