Ranting Andy Hoffman – How Does The Unemployment Rate Go Down As Unemployment Goes Up?

from Financial Survival Network

We caught up with Ranting Andy Hoffman even though we’re on the road. We tried to solve the Chinese riddle, “How can the unemployment rate go down, when unemployment is going up?” It’s really quite simple, lying government statistics. Adjust for people leaving the labor force faster than unemployment increases. Then before you know it, you’ll have a nation of unemployed citizens, while at the same time that there will be more people on the streets than ever before. Throw in a generous disability insurance system and there’s no limit to the improvement in the economy.

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