Hat Tip, Washington Time, Sat. Aug. 3 article by Judson Phillips, an attorney. Judson makes the following bullet points in his article:
o The reported 7.4% unemployment rate is false and a liar's number.
o The books are cooked for and by the Obama Administration.
o The data exhibits America remains in the Great Obama Depression.
o The unemployment rate is a rigged number.
o True numbers show America is in economic collapse.
o The unemployment rate drop was because there were fewer people looking for jobs.
o The civilian labor force fell by approximately 37,000 workers in July.
o 89,957,000 adult Americans are not in the labor force.
o The percent of the work force is now 63.4%, down from 63.4%.
o Over 1/3rd of American adults are not in the labor force.
o The number of "Discourged workers", those who believe jobs are not available, is about one million.
o The Bureau of Labor Statistics reports only 47% of American adults had full-time jobs.
o Fewer than half of Americans are working full time.
o One growing area is that 2.7 million Americans are working in tempory jobs.
o 10 years ago unemployment was below 5%.
o Judson Phippips' CONCLUSION: A prosperous society cannot survive this.
This is the indictment of Obamanomics and it is the cold, hard truth about the Great Obama Depression."
Read more: http://communities.washingtontimes.com/neighborhood/judson-phillips-cold-hard-truth/2013/aug/3/great-obama-depression/#ixzz2b6uVsQLJ