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  • Fed Official: Real Unemployment at 16 Percent

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    Newsmax
    August 30, 2009

    • A d v e r t i s e m e n t
    • efoods
    The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday.

    “If one considers the people who would like a job but have stopped looking — so-called discouraged workers — and those who are working fewer hours than they want, the unemployment rate would move from the official 9.4 percent to 16 percent, said Atlanta Fed chief Dennis Lockhart.

    He underscored that he was expressing his own views, which did “do not necessarily reflect those of my colleagues on the Federal Open Market Committee,” the policy-setting body of the central bank.

    Lockhart pointed out in a speech to a chamber of commerce in Chattanooga, Tennessee that those two categories of people are not taken into account in the Labor Department’s monthly report on the unemployment rate. The official July jobless rate was 9.4 percent.

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    Comment Rules

    26 Responses to “Fed Official: Real Unemployment at 16 Percent”

    1. showmebby Says:

      local media reports on my H1N1 poster… ha ha ha there will be more… http://www.youtube.com/watch?v=epEP9lf6KrA

      Married to 1/3 Native American Reply:

      NASA is hiring. What, not educated, then go back to college!

    2. JJ Says:

      ############### SPREAD THIS INFORMATION ###############

      Wall Street criminals exposed By Marcy K.

      kaptur.house.gov/index.php?option=com_content&task=view&id=289&Itemid=1

      youtube.com/watch?v=tMCZ8JeEpUw
      or
      fednet.net/asx/2008/kaptur092208.asx

      Tim Geithner refusus to answser Brad Shermans question:

      youtube.com/watch?v=WccPO-lkK8I

      Rep. Alan Grayson asks the FEDERAL RESERVE Inspector General where the money is gone..

      youtube.com/watch?v=PXlxBeAvsB8
      HQ version: youtube.com/watch?v=cJqM2tFOxLQ

      **********END THE CRIMINAL RESERVE – ACTION STEPS**********

      Bills to be supported: S 604 and HR 1207. Information:
      ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207
      or
      http://www.campaignforliberty......07home.php

      1. Sign the HR 1207 Petition:
      www(dot)campaignforliberty.com/campaigns/hr1207petition.php
      2. Sign the S 604 Petition:
      www(dot)campaignforliberty.com/campaigns/s604petition.php
      3. Already signed the petitions? Contact your Representatives:
      www(dot)campaignforliberty.com/campaigns/hr1207action.php

      Another one you might sign instead of the above 1st and 2nd step.
      auditthefed.com

      ############### SPREAD THIS INFORMATION ###############

    3. JJ Says:

      OBAMA IS A NWO, CRIMINAL BANKERS PUPPET.

      Here’s more information for the brainwashed people:

      Preparation
      Gordon Brown brings Britain to the edge of bankruptcy:
      telegraph.co.uk/comment/columnists/iainmartin/4295219/Gordon-Brown-brings-Britain-to-the-edge-of-bankruptcy.html

      End result
      Barack Obama and Gordon Brown’s “New World Order” – Lou Dobbs 03-03-09
      http://www.youtube.com/watch?v=R20PQwtPwEE

    4. 123 info Says:

      EU whistle blower MEP blocked from new post
      telegraph.co.uk/news/worldnews/europe/eu/5872742/EU-whistle-blower-MEP-blocked-from-new-post.html

      more on this comment:
      http://www.prisonplanet.com/ob.....ent-508495

    5. 123 info Says:

      ########### REJECT THE EU/LISBON TREATY ###########

      EU/Lisabon Treaty = Unlawfull & Treason

      Say NO to the bankers takeover!!
      Say NO to LIES!!
      Say NO to a one world criminal government!!

      information:
      www(dot)caeuc.org/index.php?q=node/503
      www(dot)caeuc.org/files/CAEUCpamphlet4Feb08.pdf

      Tip:
      en.euabc.com/word/2152

      Sign here:

      Dutch
      eu-referendum.org/nederlands/petitions/lisbon_info.html
      English
      eu-referendum.org/english/petitions/lisbon_info.html
      German
      eu-referendum.org/deutsch/petitions/lisbon_info.html
      français
      eu-referendum.org/francais/petitions/lisbon_info.html
      Polski
      eu-referendum.org/polski/petitions/lisbon_info.html
      Italiano
      eu-referendum.org/italiano/petitions/lisbon_info.html
      Espanol
      eu-referendum.org/espanol/petitions/lisbon_info.html
      Greek
      eu-referendum.org/greek/petitions/lisbon_info.html

      ######DEMAND A REFERENDUM######

      sign
      http://www.eu-referendum.org/e.....people.php
      other languages, go to the index of the website:
      eu-referendum.org

      ######DEMAND A REFERDUM FOR NATURAL REMEDIES######

      sign:
      eu-referendum.org/english/petitions/natural_remedies_info.html

      other languages, go to the index of the website:
      eu-referendum.org

      EU Referendum Initiative, NL 6422PC Heerlen
      - – - -

      For other petition websites go here:
      (some could be temporary down, se check back later)
      www(dot)erc2.org/97.0.html

      one more:
      www(dot)petice.eu/?lang=EN (www(dot)svobodni.cz/article.aspx?articleid=215)

      ########### REJECT THE EU/LISBON TREATY ###########

    6. noncomformist Says:

      I SAY WE HIT EM BELOW THE BELT!! IF EVERY TAX PAYER CLAIMED 99 ON THEIR W2 FORMS THROUGH THEIR EMPLOYERS FOR 3 MONTHS AND LET THEM “STARVE” FOR A BIT, THAT WOULD SURELY SEND A VERY STRONG MESSAGE THAT WERE SICK OF SUPPORTING THEIR FISCALLY IRRESPONSIBLE,GREEDY, INCOMPETENCE. AFTER ALL, THERES NO LAW AGAINST IT, IF THE MACHINE WERENT FED, IT COULDNT SURVIVE. CALL IT THE GREAT AMERICAN TAX OUT!! I PROMISE YOU 3 MONTHS WILL NOT MAKE OR BREAK YOU, CALL IT YOUR OWN “LITTLE BAILOUT”

      Madman Reply:

      Hell, just incorporate yourself, less taxes…
      Self employment tax in NC, plus regular taxes, 51% of what you make.
      Incorporate in Nevada, and you’re looking at roughly 15%.
      You can incorporate yourself, ANYWHERE… regardless of the state you live in.

    7. info 3 Says:

      #########BRAINWASHED PEOPLE, STOP BEEING BRAINWASHED#########

      OBAMA IS A “NWO/CRIMINAL BANKERS” PUPPET.

      This video makes it 100% clear.
      Watch Ron Paul on CNN:

      Ron Paul says: “Why are we spending all this money, why do we run the “world empire”,.. and how did we get in this mess?..”

      http://www.youtube.com/watch?v=WUvjXzTaw5M
      or
      youtube.com/watch?v=wM6rfXof2xQ
      or
      eclipptv.com/viewVideo.php?video_id=6808
      = = = = =

      ::spread the word by reaching out DVD’s::

      The Obama Deception movie, DVD QUALITY with 14 subtitle languages:
      Arabic, Czech, Dutch, English, French, German, Hebrew, Italian,
      Norwegian, Portuguese, Russian, Spanish, Swedish, Turkish

      ISO file, ready to burn.
      thepiratebay.org/torrent/5005993

      #########BRAINWASHED PEOPLE, STOP BEEING BRAINWASHED#########

    8. info 4 Says:

      ##########STOP CAP AND TRADE#############

      See comments on this link…

      http://www.prisonplanet.com/ba.....ent-501243

      ##########STOP CAP AND TRADE#############

    9. info 5 Says:

      The Big Takeover

      “The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution”:

      From Rolling Stone magazine issue 1075 — April 2, 2009
      http://www.rollingstone.com/po.....over/print

    10. info 6 Says:

      Iron Mountain – Blueprint for Tyranny

      - – -The Video that started it all – written about in the WALL STREET JOURNAL and the subject of an NBC DATELINE. This is a 2:40 hour documentary investigating the little known IRON MOUNTAIN REPORT, leaked to the press in 1967. Purports to be a top-secret government plan to bring in the New World Order and the ultimate plans for American citizens. Declared a hoax, it was
      later verified by a top Pentagon official as real. The agenda is being carried out right under the noses of the American people. UFO’s play a major role in the Iron Mountain NWO. It is all about people control via deception and manipulation. Deep into Eugenics, birth control and hideous plans for a tyrannical slave state. It is all coming true after OKC and 9-11 with the Patriot Act, Homeland Security and the military police operating in America. Airports first, railroads, then highways, and finally a complete LOCKDOWN under the pretense of “security”. A MUST SEE VIDEO- – -

      http://video.google.com/videop.....9177312936
      or
      video.google.com/videoplay?docid=-6745627342652553091

    11. info 8 Says:

      ###########STOP OBAMA’S NAZI HEALTHCARE BILL “HR 3200″###########

      Sign:
      http://www.campaignforliberty......thcare.php

      ###########STOP OBAMA’S NAZI HEALTHCARE BILL “HR 3200″###########

    12. info 8 Says:

      another

      ###########STOP OBAMA’S NAZI HEALTHCARE BILL “HR 3200″###########

      Sign here:
      http://www.freeourhealthcarenow.com

      Information:
      actionpack.ncpa.org

      news:
      radioink.com/article.asp?id=1442469&spid=24698
      news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/08-04-2009/0005071649&EDATE

      ###########STOP OBAMA’S NAZI HEALTHCARE BILL “HR 3200″###########

    13. info 9 Says:

      ###########9/11 = AN INSIDE JOB###########

      Al-Qaeda and Taliban are pawns of the U.S. high ranking criminals and world elite that works for the destabilisation of countrys (PURPOSE: ONE WORLD GOVERNMENT WITH A “ONE WORLD BANK” RUN BY THEM).
      CIA goes as a “mainstream” terrorist

      telegraph.co.uk/news/worldnews/1543798/US-funds-terror-groups-to-sow-chaos-in-Iran.html
      blogs.reuters.com/global/2009/08/13/who-is-funding-the-afghan-taliban-you-dont-want-to-know
      presstv.ir/detail/98327.htm?sectionid=351020401
      infowars.com/madsen-taliban-imported-to-conduct-false-flag-terrorism-in-iraq
      prisonplanet.com/articles/may2007/280507usesalqaeda.htm
      prisonplanet.com/al-qaeda-are-pawns-of-the-us-military-industrial-complex.html
      infowars.com/western-governments-funding-taliban-al-qaeda-to-kill-us-troops-destabilize-countries
      infowars.com/iran-captures-cia-terrorists
      infowars.com/articles/ww3/iran_us_uses_al_qaeda_to_attack_iran.htm
      telegraph.co.uk/news/worldnews/1552784/Bush-sanctions-black-ops-against-Iran.html
      corbettreport.com/articles/20090623_destabilization.htm
      infowars.com/iranian-interior-minister-western-intelligence-behind-riots-and-unrest
      infowars.com/former-pakistan-general-us-supports-jundullah-terrorists-in-iran
      globalresearch.ca/index.php?context=va&aid=13325
      http://www.youtube.com/watch?v=s7942G_x-So
      blogs.abcnews.com/theblotter/2007/04/abc_news_exclus.html
      blogs.abcnews.com/theblotter/2007/05/bush_authorizes.html
      abcnews.go.com/Video/playerIndex?id=3206417
      youtube.com/watch?v=_wg3r2YSM9g

      Events like 9/11, the London Bombings and the Madrid
      Bombing were ALL accompanied by Security/Military EXERCISES which
      paralleled the real events

      historycommons.org/timeline.jsp?timeline=complete_911_timeline&before_9/11=militaryExercises
      historycommons.org/entity.jsp?entity=vigilant_guardian

      Nano Thermite found in WTC dust

      stj911.org/press_releases/ActiveThermiticMaterial.html
      ae911truth.org/info/51
      russiatoday.com/Politics/2009-07-09/Did_nano-thermite_take_down_the_WTC.html

      ###########9/11 = AN INSIDE JOB###########

    14. info 10 Says:

      “Bush Prescott nazi connection”
      http://www.youtube.com/watch?v=1D6fxyOtVeI

      “How Bush’s grandfather helped Hitler’s rise to power”
      guardian.co.uk/world/2004/sep/25/usa.secondworldwar

    15. info 11 Says:

      “Obama’s Depopulation/Hitler Policy Exposed. Red allert!!!”

      (shorted) video:
      http://www.youtube.com/watch?v=71f11KkJVKQ
      (full) video
      larouchepac.com/lpactv?nid=10639

      read:
      larouchepac.com/node/10127
      &
      larouchepac.com/node/10260
      &
      larouchepac.com/node/10280

      German… video:
      bueso.de/news/video-gesundheitsokonom-emanuel-im-rampenlicht
      French:
      solidariteetprogres.org/article5514.html
      Italian:
      movisol.org/09news091.htm
      - – – -

      See also:

      Congresswomen Rep Michele bachmann: “The President’s Health Care Advisers”
      31 july 2009
      youtube.com/watch?v=5CHBvKGmevI

      SPIRITBLADE Reply:

      “You may-uh heard, we is-in the Nazi-killin’ business-”

    16. info 12 Says:

      “Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression.”

      In Rolling Stone magazine 1082-83, Matt Taibbi takes on “the Wall Street Bubble Mafia” – investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi’s piece is “an hysterical compilation of conspiracy theories” and a spokesman adding, “We reject the assertion that we are inflators of bubbles and
      profiteers in busts, and we are painfully conscious of the importance in being a force for good.” Taibbi shot back: “Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former
      players fronting major TV shows. They have the ear of the president if they want it.

      Includes 5 short video’s:
      http://www.rollingstone.com/po.....hine/print

    17. 1patroit Says:

      lockhart is a dam lier 30% your a idiot 10.5 million lose jobs and you never once said we are gonna create 10.5 million jobs to replace them get prepared when the people pop it is gonna happen.

    18. 4w578i Says:

      Two categories of people are not taken into account?

      What percentage of men are unable to earn family wages at reproductive maturity?

    19. saywhat Says:

      .
      A Fed Official telling the truth? what is he after?
      .

    20. SPIRITBLADE Says:

      “-real un-employment at 16%.”

      (huh)

      Coincidentally, the same percentage of the US populace that will survive the Obaaaa-ma administration.

      (huh)

    21. The Historian Says:

      Telling the truth or softening the blow before it gets even worse? http://www.openyoureyesnews.co.....depression

    22. Madman Says:

      No jobs, no production, no recovery… just an artificial feel good bubble created by the feds printing press, which just translates into higher taxes for everyone. Hell, in NC we are going up another percent on the standard tax rate, as well as having a Sin tax, of 45 cent on a damn coke, to 13% tax on alcohol, etc… the flood of new taxes have begun… and no one has a job to pay for them. Look for hyperinflation soon.

    23. WEREFEAT Says:

      Back in the middle eighties, I read the galley version of a book called “World Rollover” by C.W. Myers. I bought the book from Amazon for less than $6 total. Myers was born in 1912, and published a financial investment newsletter, back when there was no internet. By “rollover” he meant the unstoppable impact of history on people in the world, and a sort of payback for the incorrect things done.

      One of the points he made, was that entire economies being driven by “jobs” was a recent trend. Only a hundred years ago, people worked on farms or had family businesses. He also showed how feminism added to the labor pool, and cut down the chances of men finding jobs. Women also are among the first to go when there are layoffs, and added a brand new component to unemployment figures. Today, we have forgotten how women’s’ lib has effected the economy, and also the family as an institution.

      Another point was the exponentially rising world population, and the huge migrations of people in search of food that would occur. Today, the same people who rail against the illegal immigration in the US, will tell you there are no effects from over population.

      Written 25 years ago, the book is a good read, and a nice historical background of today’s events. And it shows how people who stick to immutable laws can predict the future.