The American unemployment rate could be as high as 20 percent rather than the 6.1 percent the US Labor Department’s Bureau of Labor Statistics (BLS) reported for June. Many economists and financial experts believe that the BLS deliberately underreports unemployment figures ...
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Discrepancies in Employment Numbers for August
WASHINGTON, D.C. – The Labor Department’s August employment report showed that the U.S. unemployment rate is 8.1%, down from 8.3% in July. But while many celebrate these numbers, others warn a more troublesome statistic is being overlooked – record numbers ...
Read More »Smoke and Mirrors: What You Don’t Know About Unemployment Figures
America got some good news for the first week of the new year – the unemployment rate dropped from 9.8% to 9.4% for December, the lowest since the spring of 2009. However, if the news was so great, how come ...
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