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Is the U.S. Heading for the next Great Depression after 2012 Elections? ---
Non-Mainstream Economists have been predicting that America is headed for another Great Depression and, recently, it appears that the trigger for this event will be this year's elections.
A. Population (16+ years old) 242,435 242,604 + 169K B. Total Counted Labor Force 154,871 154,707 - 164K C. Employed Population 142,065 142,034 - 31K D. participation Rate 63.9% 63.8% - 0.1% (B/A) E. Employed Population ratio 58.6% 58.5% - 0.1% (C/A) F. Total Covered Unemployed 12,806 12,673 - 133K (in Government programs) G. Total Not in Labor Force 87,564 87,897 + 333K H. Total Actively seeking work 6,378 6,299 - 79K (not in Government programs) I. U-3 unemployment Rate 8.3% 8.2% - 0.1% ([F+H]/B) In March, 2012, the federal government stopped counting 164,000 people all together (they no longer exist in the US-DOL's Bureau of Labor Statistics data-set, and will no longer be counted). Also, they decided that 333,000 have people left the work force -- they're still counted, but NOT as people in the labor force.
Listen tonight as we discuss what the statistics really mean! Call in at (347) 324-5712 to let us know how you feel!
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