Jobs Up 290,000;
Jobless Rate Rises To 9.9%
by Jeannine Aversa - May 7th, 2010 - Associated Press
More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as people streamed back into the market looking for work.
If you had any doubt that the unemployment rate touted by our government is a farcical game, this one article should put that to rest. Actual unemployment has been over 15% for some time. The government simply pretends that you are not unemployed if you have not met certain criteria about how you look for work.
Unemployment is NOT 9.9%.
Unemployment is STILL over 15%.
With the coming inflation and the probability of another dip in the recession, that real unemployment rate is more likely to go up than down, no matter what lies the government promotes.