This is a simple lesson in how the current administration and its willing accomplices in the mainstream press ‘spin’ the unemployment facts into so called ‘good news’.
What all Americans will hear on their alphabet channels tonight is that the unemployment rate has dropped to 5.3%, such as this AP headline today “US Employers Add 223K Jobs; Jobless Rate Falls To 5.3 pct”. Great News! WhooHoo!!
As unusual, nearly all economic news is slanted to the ‘good’. Thus, many or most Americans have no clue (because they don’t dig below the surface of today’s propaganda) that REAL unemployment is much worse.
Here’s another fact about this so called good news, something that you will not hear on tonight’s news, and it’s not so rosy a picture…
Americans Not In The Labor Force Soar By 640,000 To Record 93.6 Million;
Participation Rate Drops To 1977 Levels
The devastation of the US labor force continues.
That’s right, the unemployment rate is so low (apparently 5.3%) because of the way they measure unemployment! Whenever someone loses their job and then subsequently drops off their unemployment benefits, they are no longer counted as unemployed! Poof! Vanished! Pretty sweet deal for the propagandists, is it not?
This is how they do it. They do this with nearly everything related to the economic condition of this nation. The facts are twisted, the measuring stick is constantly changing to make things appear better, the data is misrepresented and essentially falsified – all so that YOU, the American public, remains in the dark (about the truth). And those who report the truth are subsequently attacked and slandered.
It’s the brave new world folks… Oh, and don’t worry, the new Obama executive powers with the TPP (Trans Pacific Partnership) trade situation will surely enable more American jobs right? No, me thinks that even more jobs will be going to third-world countries…
Did you know that given the way the government measures unemployment today, that America would have 0% unemployment (100% employment) if even just one person was working while the rest of the 300 million plus were not (so long as they’ve all fallen off their unemployment benefits while not having found a job?) !