Searching for Truth while debunking Establishment point men.

Thursday, January 14, 2010

How nation's true jobless rate is closer to 22%

Fact 1: The next employment report will be worse.

When the Labor Department puts out the January employment figures on Feb. 4, they will include an assumption that a lot of companies went out of business.

This is something called the birth/death model that is used by the department. Last year it caused 356,000 jobs to be subtracted from the January job count.

So, the next employment figure should be shockingly bad.

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