REAL Unemployment Rate: 22.4%

WND The real unemployment rate for December 2011 is closer to 22.4 percent, not the 8.5 percent reported by the Bureau of Labor Statistics, Jerome Corsi’s Red Alert reports.

John Williams, author of the “Shadow Government Statistics” website, argues that the federal government manipulates the reporting of economic data for political purposes.

In the Jan. 6 Bureau of Labor Statistics news release, the unemployment rate was reported to have fallen 0.2 percent to 8.7 percent, as revised for November 2011.

Williams recreates a Shadow Government Statistics alternative unemployment rate reflecting methodology that includes “long-term discouraged workers” that the Bureau of Labor Statistics (in 1994 under the Clinton administration) redefined those considered “unemployed.”

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