Figuring out the real jobless rate is a job for Sherlock Holmes…Maverick Wall Street adviser David John Marotta told clients that the official unemployment rate of 6.7 percent is a fraud. Marotta said that only covers people who are looking for work. But if you include everyone who has no job, unemployment would be at 37.2 percent. That includes people who want a job but have given up hope of ever finding one, people who aren’t able to work, and people who simply don’t want a job. The real unemployment rate, meaning everyone who wants to work but can’t find a job? It’s probably somewhere BETWEEN 6.7 and 37.2 percent. The trouble is figuring out exactly where. But here’s a clue: The USDA reports that in 2013, four years after the recession officially ended, a record 20 percent of US households – that’s one out of every five – were on food stamps. I can’t say exactly how many Americans are jobless, but whoever’s making economic policy in Washington these days needs to join them.

Comments 1-5 of 9

  • Joyce Lincoln

    02/08/2014 08:29 PM

    Why did the unemployment really get voted down by the Republicans? Everyone is aware that the people out there looking for jobs are also trying to reinvent themselves for career changes and furthermore these people are in their 30s,40s,50s. They paid all of their lives into unemployment. They really do all really need and deserve the extension. Our government pays out too much for all the teens and the free lives for them when they get pregnant on purpose for a free gov. check.

  • James D. Loomis

    01/27/2014 09:45 AM

    I would like to say to the president" Mr. President: I and millions of other Americans are fully aware of your trying to convert our great country to a Socialist, Communist type state. Your mentor and friend, when you were in Hawaii, was a Frank Marshall Davis. You stated him in your memoirs. He is a known Socialist and unrepentant Communist.
    Conservatives - Step up to the plate and impeach this absolutely worst president ever. Save and preserve our great USA from the Communists..

  • Robert Comer

    01/25/2014 05:59 PM

    Mike!please do not allow these liberals to twist your words and make you into their punching bag. I am very conservative and am neither a fan of either party. We need to clean house and, give our Government back to by the people and for the people. I think that Obama is the Anti-Christ.

  • Karen Richard

    01/25/2014 12:54 PM

    I have two comments:
    1. I completely understood what Gov. Huckabee was saying concerning strong, Independent Women not needing Big Gov't to regulate our lives. I am one. But the Librals and those who are not so independent will always have their criticism.
    2. In regard to the unemployment rate being closer to 37%, I would say in Indiana that sounds right. Everyone I know is underemployed. Wages have been stagnate for 30 years. I have not had a full time job in nearly 3 years, and my unemployment ran out over a year ago. To add insult to injury the state decided they over paid me and expect me to pay back $2300 I don't have. I currently work three part-time jobs and had to move back in with my 86 year-old mother. What is wrong with this picture? We need a republican who is not afraid to be real and deal with reality across the country. So republicans. Step up already.

  • David Cackler

    01/25/2014 07:12 AM

    To Edna Forde, The item to which you got all upset over is named BIRTH CONTROL PILL. Hence ones assumption that they are used for that purpose. I believe that what the Governor is talking about is who is going to pay for them not just what they are used for.

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