Here’s the real unemployment rate
Obama loves to push statistics to say what makes him look good.
Check it out:
Are the reports of an Obama economic recovery based on the economy creating mostly part-time jobs and on manipulated government statistics that report an artificially low unemployment number?
According to John Williams, an economist known for asserting the government reports manipulated “shadow statistics” of economic data for political purposes, the real unemployment rate for July 2013 was 23.3 percent, not the 7.4 percent reported by the Bureau of Labor Statistics.
Meanwhile, the House Ways and Means Committee reported Monday that seven of every eight new employees under Obama have been part-time.
Williams, editor of the Shadow Government Statistics website, wrote that the Bureau of Labor Statistics report indicating July unemployment dropped from 7.6 percent in June to 7.4 percent in July was “meaningless.”