Well, the September unemployment numbers were released this morning, and while most expected the number of people unemployed to rise, the Bureau of Labor Statistics (BLS) reported just the opposite. In fact, it reported that the unemployment rate dropped from 8.1% to 7.8%. This is a virtual impossibility, and it is obvious that deceit is evident.
Government unemployment numbers are calculated by using a method called U-3, which purposely and dramatically underestimates the number of unemployed. This method was put into place in 1994 by then President Clinton, in order to fool the economically ignorant American citizens into believing that the number of unemployed had magically decreased.
Before 1994, the U-6 method had been used, which even though it did not count all the unemployed, it at least was closer to reality. That calculation is still done today by the BLS, but it is not reported or used by the political class, economists, or the mainstream media. The U-6 calculation released this morning by the BLS showed unemployment at 14.7%, almost double the rate reported. The real unemployment rate as calculated by John Williams at Shadow Government Statistics (SGS), is 22.8%, almost 3 times the rate accepted by most in this country!
According to John Williams, the BLS “knows the reported change in unemployment was wrong,” and “it knows what consistent reporting actually showed. Only politics prevents the BLS from releasing the correct number, whether the unemployment rate actually declined, held even, or rose as predicted by consensus forecasters. The lack of transparency here in the data preparation allows for direct political manipulation!” (emphasis mine)
This fraud occurred just 4 weeks before the presidential election, and this was no coincidence. It is more than likely that the false number released today will be revised downward in December, well after the election, but the public will not see these numbers until next January.
In case any are wondering, nothing would change concerning the lies about unemployment if Romney became president. He would also use the same fraudulent method, and would take advantage of any deceit in order to help his own political cause.
It is prudent policy to never accept as truth any numbers reported by government. Few if any are accurate, and in most cases, they are completely fabricated or altered to benefit those in power. It just so happens, that the unemployment rate given to the sheep is actually only about 1/3 of the real number. This means that unemployment is being under counted by about 23 million people, and that 35 million are actually unemployed, or working part time to survive. Unemployment statistics are not only a lie, but a very big lie!