Real Unemployment at 19%

Wynton Hall
Big Government
8 Sep 2012

Beneath the surface of Friday’s jobs report lies the reality of just how disastrous the Obama economy truly is.

Consider the following 11 economic facts:

1.  When you include the underutilized labor figure with the eight million Americans who have lost hope altogether and stopped looking for a job, real unemployment now stands at just under 19 percent.

2.  If the labor force were the same as when President Obama took office in January 2009, the unemployment rate reported on Friday would be 11.2 percent.

3.  A record 88,921,000 Americans are no longer in the labor force. To be included in that figure, an individual must be over 16 years of age, a civilian, not in a mental hospital or nursing home, and have stopped hunting for a job for at least four weeks.

4.  The average American lost 40 percent of their wealth from 2007 to 2010.

5.  Every fifth man in America is out of work…

…11.  Under Obama, healthcare costs have skyrocketed 18.9 percent

Read the article complete article at Big Government.

Related: Radical Congresswoman Jan Schakowsky Cheers Democrat Party Becoming More ‘Progressive’, i.e., Communist

Update: Obamanomics: 173K New Food Stamp Recipients Vs. 96K New Jobs…

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