Heres Mish Shedlocks alternative view of unemployment which he - TopicsExpress

Heres Mish Shedlocks alternative view of unemployment which he claims is much higher than the stated number. He says the real rate is 12.2% this month. He claims so many people have dropped out of the labor force because there are no jobs. Some stayed longer in school, some went on disability pensions, others simply go unreported. There are a lot of reasons for the miscalculation of the unemployment rate. There are some charts that explain. globaleconomicanalysis.blogspot/2014/08/nonfarm-payrolls-209000-unemployment-62.html

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