Yikes! You won’t believe the real jobless numbers
The real U.S. unemployment rate may be 22.1 percent for February, not the 8.9 percent reported by the government, according to economist John Williams, author of the “Shadow Government Statistics” website, who has argued for years that the federal government manipulates the reporting of economic data for political purposes.
The government announced today the unemployment rate was reported to have fallen 0.1 percent to 8.9 percent in February, although that is the “seasonally adjusted number.”
According to Bureau of Labor Statistics Table A15, the “not seasonally adjusted” unemployment number for February was 9.5 percent.