Now I'm getting angry. This morning the Labor Department released the numbers for the February jobs report. The employment report stated that the economy added 243,000 jobs, but that the unemployment rate rose to 4.8%.
Why am I angry? Because they never tell American's the entire truth. Here is an article written by Paul Craig Roberts who served as Assistant Secretary of the Treasury under President Reagan.
You tell me, is this next statement important or not?
THE UNEMPLOYMENT RATE DOES NOT INCLUDE THE MILLIONS OF JOBS LOST TO FOREIGN COUNTRIES DUE TO OUTSOURCING.
Don't you think that little piece of information would be important to the American people? I would think so.
If the Labor Department would include the number of jobs lost due to outsourcing, what would the employment rate really be?
Yesterday, CNBC did a huge promotion on the rosy job outlook in the U.S. All I can say is B.S. (Bad Statistics). If we are at "full employment" as the jobs figures suggest, then why did 25,000 people apply for 325 openings at a Chicago Wal-Mart.
