muses of the moment

January 7, 2013

John Williams with Shadowstats.com

Filed under: John Williams shadowstats, Unemployment, US Government Debt — Tags: — totallygroovygirlfriday @ 8:15 am

John Williams gives us the latest real stats via shadowstats.com. You pay for the detail, well worth the money!

– Fiscal Crisis Continues Unabated; Last-Minute “Cliff” Deal Did Nothing to Reduce or Contain Budget Deficits
– No Way of Avoiding A Recession That Already Is Underway
– December U.3 Unemployment Rate Actually Rose by 0.1%
– ShadowStats Unemployment Estimate at New High
– December Unemployment: 7.8% (U.3), 14.4% (U.6), 23.0% (ShadowStats.com)
– December M3 Annual Growth at 3-1/2 Year High

Unemployment at new high of 23%. (For reference, Mr. Williams estimates the high employment rate during the Great Depression at 30%).

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