The recent unemployment claims figure released by the administration is vastly undercounted, according to an article by Connie Hair, in Human Events. The administration continues to report a 9.5 percent unemployment rate, but the number of unemployed continues to rise. The figure reported unemployment claims reached 500,000 people. Including that report, unemployment claims rose four out of the past five weeks, but the 9.5 percent unemployment rate remains the same. How can that be?
The truth is the administration has stopped counting as being unemployed, those who have given up trying to find a job. In the last three months, approximately 661,000 people have given up trying to find a job. If you add them to the others who have given up, approximately 2.8 million Americans are not counted as being unemployed. If they’re counted, as they should be, the unemployment percentage is over 11 percent. That’s a disconcerting figure.
Facts Gets Worse
Another sobering fact about unemployment is the downward spiral unemployed people’s lives take, when unemployment continues. As monetary problems increase, so do mental and physical health problems. Divorce rates go up, alcohol abuse increases and the final step of morose is suicide. Statistics show unemployed people have a suicide rate two to three times the national average, writes the Washington Independent.
If the administration wants to bring unemployment down to acceptable levels; so, they don’t have to twist figures, all they have to do is quit spending. At this time, small businesses that are the backbone of the American economy are not expanding, borrowing or hiring because they’re scared. They’re scared of the increase in health costs, because of Obama-care, they’re scared of the Bush tax cuts being eliminated, they’re scared of cap and trade becoming law, plus other new taxes needed to raise the money to make interest payments on the trillion dollar deficit. The administration needs to cut up their credit card, because the nation can no longer afford to make their debt payments. If you as an American citizen live above your means, you eventually go under. The same scenario faces our Government, but it’s much bigger, because they’re taking you, your children and grandchildren with them.
Connie Hair: Rep. Camp: 2.8 Million Uncounted Unemployed: humanevents.com
The Washington Independent: Death and Joblessness: washingtonindependent.com