Wednesday, May 23, 2012

5/23/12 Real Inflation and Unemployment

The federal government is claiming unemployment is currently 8.7% or so. Yet the real number is much higher considering the early retiree, underemployed, still unemployed and my category those small business owners who lost their companies were never counted. Unemployment is really 20% or more.

Minnesota Department of Employment website brags of a state unemployment rate of 6.6% in April 2012, yet that same month, total employment is down 103,562 people from December 2008 state employment high of 2,789,004 employed Minnesota citizens. How does total employment drop 103,562 and hold at 6.6%?

Americans are told inflation is only 2.3%, but I consistently experience a 20% to 30% jump in product prices over the last year.

We need to ask ourselves who is being honest? Government or our pocketbooks? Nonfarm

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