muses of the moment

February 4, 2012

John Williams on the real unemployment rate

Filed under: John Williams shadowstats, Unemployment — Tags: — totallygroovygirlfriday @ 5:28 am

Update 2-6-12: John Williams released more unemployment rate details on KWNblog. Click here.

Accordingly, for purposes of Great Depression comparison, I would look at the estimated peak nonfarm unemployment rate in 1933 of 34% to 35%.

So, at 22.5% real unemployment, we are closer to historical Depression numbers than the government would have you believe. Do not be hood-winked by propaganda, know the real stats!

John Williams from has come out with updated unemployment numbers. You pay for the detail, well worth it, but here is the summary:

– Basic Economic Outlook Unaltered by Stronger Labor Data
– January Jobs Reading Still at Levels of 11 Years Ago
– January Unemployment: 8.3% (U.3), 15.1% (U.6), 22.5% (SGS)
– Money Supply M3 Growth Is Picking Up

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