The Phony Unemployment Rate

The unemployment rate being fed us by the government is much higher than it’s being stated.

The Labor Department has admitted it over-counted the number of jobs in 2009 by 1.4 million when they used a computer program to erroneously extrapolate new companies being created each month and then guessed the number of jobs that should have been created.

This year, the Labor Department has over-counted at least 550,000 jobs under its dubious birth/death series.

The economy this year created virtually no jobs, The Obama administration has been mentioning 600,000, but they’re phantom jobs.