Though the data is slightly dated, the CIA's 'The World Factbook' shows that the U.S. unemployment ("officially" at 7.2%) is still the envy of every war torn nation.
The US unemployment isn't really 7.2%. That's the US "cook the books" figure. BLS report A12 line U-6 is a more comparable figure and has unemployment at 13.5%
Do you suppose all these other countries lie to their people as effectiverly as the US?
WHY IS MEXICO NOT ON THE LIST? WOULD THAT BE POSSIBLE? OFFICIAL GOV'T DATA IS 4.5%. PLEASE
ReplyDeleteThe US unemployment isn't really 7.2%. That's the US "cook the books" figure. BLS report A12 line U-6 is a more comparable figure and has unemployment at 13.5%
ReplyDeleteDo you suppose all these other countries lie to their people as effectiverly as the US?
Gerardo- pulled all the data from the CBO site. No clue why Mexico is not on there.
ReplyDeleteUnfortunately I cannot revise as I am traveling all week (the huge non-standard size of the chart means I needed Photoshop... on a home computer).
Anon- I have a chart detailing just what you state and can't agree more...
and yes... I think they lie to their people, but not nearly as effectively.