Tuesday, October 26, 2010

Tier V Unemployment: CBS’s 60 Minutes Asserts 17.5% Unemployment Rate

Finally the television media acknowledge what everybody else has known for months now, the government’s unemployment numbers are doctored to soften the blow. On their popular news journal “60 Minutes” they reported many issues of this recent downturn in the economy.

What We Already Knew

In their report they said that the underemployed, job disgusted, and those that have exhausted their benefits weren’t counted on the jobless census, a fact many already knew. Their report centered on Silicon Valley California where they interviewed 99′ers. One lady, a financial consultant claimed she had lost home, savings, retirement funds, and ended up in a pickup truck with her few belongings and dog. She talked of applying for a county clerk’s position and finding that there were 4 openings…and 2000 applicants. Something I have read in many of the comments on my posts on this and other blogs in the comments made by readers...

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