As I was waiting at the dentist’s office this morning, another man in the waiting room started a conversation concerning the state of the country. I did not know this man but listened politely to him as he talked about the state of the country, national news and the unemployment rate. I told him that I do not watch news on television and agreed that the unemployment rate was higher than reported.
The conversation triggered my curiosity so I looked at the current unemployment rate as espoused by the federal government:
The unemployment rate in the US decreased slightly to 3.6 percent in June 2023, which is lower than May’s seven-month high of 3.7 percent and in line with market expectations. The jobless rate has fluctuated between 3.4 percent and 3.7 percent since March 2022, indicating a consistently tight labor market and allowing the Federal Reserve the flexibility to continue raising interest rates as a means to combat inflation. The number of unemployed people decreased by 140 thousand to 5.96 million and employment levels rose by 273 thousand to 160.99 million. The so-called U-6 unemployment rate, which also includes people who want to work, but have given up searching and those working part-time because they cannot find full-time employment, rose to 6.9 percent in June from 6.7 percent in May. The labor force participation rate was unchanged at 62.6 percent, remaining at its highest level since March 2020.
source: U.S. Bureau of Labor Statistics
I then went to shadowstats.com to find the true unemployment rate:
May 2023 ShadowStats Alternate Unemployment increased to 24.7% from 24.6%.
While this is just another example of the illegal administration’s propaganda campaign to cover up the collapse of the country, I believe people understand that the true unemployment rate is 6.86 times higher than the government lies. Where does this leave people who are working but know they are falling behind in the new economy?
David DeGerolamo
Ed Dowd has published information pertaining to the number of people that are now disabled and unable to work or have died from the COVID 19 electro magnetic bioweapon injection. The number is close to 1/3 of the working population in the FUSA. These disabilities and deaths continue to unfavorably affect the global supply chains. This issue is going continue for years. The worse it gets, the more lies governments are going to tell. Who do you believe? The government lies or your lying eyes? Who is John $ Galt?