The New York Times reports that the current unemployment rate is 6.1 percent. The government stats are a boldface LIE. I guesstimate unemployment to be at more like 12-15 percent.
New York Times
As the financial crisis crimps demand for American goods and services, the workers who produce them are losing their jobs by the tens of thousands. In just the last two weeks, the list of companies announcing their intention to cut workers has read like a Who’s Who of corporate America: Merck, Yahoo, General Electric, Xerox, Pratt & Whitney, Goldman Sachs, Whirlpool, Bank of America, Alcoa, Coca-Cola, the Detroit automakers and nearly all the airlines. When October’s job losses are announced on Nov. 7, three days after the presidential election, many economists expect the number to exceed 200,000. More
Tags: layoffs, Tens of thousands, Unemployment, US workers
