HOPE AND CHANGE

HOPE AND CHANGE:  Actual unemployment is 37.2%, ‘misery index’ worst in 40 years

 

Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the realunemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

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“Today, the Misery Index would be 7.54 using official numbers,” they wrote. But if calculations tabulating the full national unemployment including discouraged workers, which is 10.2 percent, and the historical method of calculating inflation, which is now 4.5 percent, ‘the current misery index is closer to 14.7, worse even than during the Ford administration.”

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A.P. Dillon

A.P. Dillon is a Co-Founder and Managing Editor at American Lens. She resides in the Triangle area of North Carolina and is the founder of LadyLiberty1885.com. Her past writing can also be found at IJ review, Breitbart, FOX news, Da Tech Guy Blog, Heartland Institute, Civitas Institute and StopCommonCoreNC.org. Find her on Twitter: @APDillon_