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The 'Real Unemployment Rate' Vs. The Spin: Where's The News Here?
Key Excerpts from Article on Website of Forbes
Posted: February 16th, 2015
http://www.forbes.com/sites/johnzogby/2015/02/08/the-real-un...
Jim Clifton, longtime CEO of Gallup ... penned an op-ed on the company website referring to the big lie of the official Bureau of Labor Statistics monthly unemployment rate. The 5.7% rate for January he says is woefully inadequate and does not take into account part-time workers, those earning $20 a week, those underemployed, and the hundreds of thousands of others who have simply given up looking for work. The real unemployment is much larger. In all of this, Clifton is absolutely right. The published rate is not only woefully inadequate, it is misleading and dishonest. In a follow up interview on CNBC ... he notes that he fears that telling the truth will endanger his life. So he backed off the big lie headline by telling CNBC: I think that the number that comes out of BLS [Bureau of Labor Statistics] and the Department of Labor is very, very accurate. I need to make that very, very clear so that I dont suddenly disappear. I need to make it home tonight.
Note: Read the article by Gallup CEO Jim Clifton showing that the US official unemployment rate of 5.6% is very misleading. Gallup research finds 44% of US citizens available to work are not getting enough work. Then watch the video where he admits he fears for his life for reporting on this. Notably, the Forbes article summarized above confirms that Clifton's statements are accurate, but criticizes him for revealing that mass media is manipulated by the financial and political elite.
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