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03-05-2011, 12:34 AM #1
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Rosenberg: Why The Real Unemployment Rate (U-3) Is 12%
David Rosenberg's Explanation Why The Real Unemployment Rate (U-3) Is 12%
by Tyler Durden
03/04/2011 11:47 -0500
106 comments
David RosenbergDouble DipGross Domestic ProductPersonal IncomeReal Unemployment RateRealityRosenbergUnemployment
Pretty much precisely what we noted earlier today: "A couple of behind-the-scene facts: from October to February, an epic 700k people have left the work force. http://www.zerohedge.com/article/labor- ... ent-112000 If you actually adjust for the fact that the labour force participation rate has plunged this cycle to a 27-year low the unemployment would be sitting at 12% today. Moreover the employment-to-population ratio — the so-called “employment rateâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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