muses of the moment

May 4, 2012

John Williams from Shadowstats.com

Filed under: John Williams shadowstats, Unemployment — Tags: — totallygroovygirlfriday @ 5:30 pm

John Williams from shadowstats.com has the real stats out.

Here is the summary, you pay for the detail (well worth the price):

– For Second Month, Household-Survey Employment Fell as Payroll Growth Faltered
April Unemployment: 8.1% (U.3), 14.5% (U.6), 22.3% (SGS)
– Annual M3 Growth Weakened in April as Velocity Rose
– New Indicator Shows Intensifying Systemic Stress
– Impaired Construction Spending Continued

Click here for Rick Santelli as he explains the unemployment hide-and-seek numbers on CNBC. (Classic!! 10 min) He naively asks government for solutions. He is so cute. But he really doesn’t expect any solutions before November.

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2 Comments »

  1. Thank Christ for Santelli and the VERY occasional (now) Schiff, Rickards, and Whalen appearances or CNBC would be no different than a Songebob episode.

    Comment by Jeffhalmos — May 4, 2012 @ 6:10 pm

  2. Jeffhalmos,

    Agreed. Except for a few spots, CNBC is worthless. Good for a chuckle, but sad and worthless.

    gg

    Comment by totallygroovygirlfriday — May 4, 2012 @ 6:17 pm


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