Ron Paul: Real Unemployment Is at 22.8%

Ron Paul

Last week, supporters of the current administration rejoiced over job numbers released by the Bureau of Labor and Statistics (BLS). For the first time since the administration came to power, the official unemployment number fell below 8%. Keynesian cheerleaders all claimed the numbers meant we are surely on the road to economic recovery, just in time for Christmas, and also, the election. Others saw through this ruse.

[pullshow id=”nothing”][pullthis id=”nothing”]The situation on the ground looks nothing like a recovery. 23 million people are still out of work or chronically underemployed. This number is expected to rise dramatically next year.[/pullthis] The situation in Washington should not give anyone cause for optimism. Politicians refuse to look honestly and intelligently at the cause of our economic malaise, and so real solutions are not taken seriously or acted upon. It is much easier and less painful to simply recalculate the numbers and redefine the terms until a rosier picture is presented. There is only blind hope that at some point, for some reason, things might change. But nothing will change for the better if we only stay the course.

The truth is the long term solutions to our economic quagmire involve some short term pain. Re-evaluating the economic role of an institution as insidious and behemoth as the Federal Reserve will inconvenience some people, and those people happen to have a lot of power. Similarly, the idea of ending government programs and closing down superfluous departments will always upset someone because it means someone will stop getting a government check.

No one wants to upset the apple cart, even if all the apples are rotten.

Not all of the unemployed are counted in the BLS unemployment numbers. This is no secret. In 1994 government statisticians came up with the term “discouraged worker” to remove entire swaths of people from the unemployment statistic. Now all the government has to do to improve the unemployment numbers is discourage people from looking for a job.

Far more unintended consequences are created in Washington than jobs.

Ideally, the business sector should be able to depend on sound numbers from the BLS, but smart business leaders know that trust in these numbers leads to bad decisions and failure. In regards to the recent jobs numbers, investor Jim Rogers recently stated “I have learned not to take advice from the government, especially the US government, which frequently misleads its citizens.” He also noted the election just around the corner, suggesting timing as an extra incentive to keep fudging the statistics.

[pullshow id=”stats”]The real drivers of the productive economy can’t afford to take risks based on false numbers. This is why economist John Williams created Shadow Government Statistics, utilizing more traditional methodologies and definitions to show business decision makers the real economic picture, warts and all. He shows the real unemployment rate to be a staggering 22.8%.

[pullthis id=”stats”]This is a difficult figure to accept as the actual truth. Perhaps if the politicians did, the people would finally demand real change and real solutions. [/pullthis]Perhaps they would consider that all of the so-called stimulus spending, quantitative easing and mountains of regulation from Washington has only crippled the economy. Perhaps people would come to understand that fewer checks handed out from the public sector would mean more checks available in the private sector, and a return to real prosperity instead of just the appearance of it.


  • Madness according to Einstein: Repeating the same thing over and over, expecting different results.
    MAdness according to me: Not voting Ron Paul, and vote for either Obama or Mitt romney.
    I mean What the fuck is wrong with the world? are people really THAT fucking dumb?

  • Because he would have never been included in debates.

  • have faith, we have heroes like dr paul

  • You’re right mr. paul.

  • this guy belongs in a fucking mental asylum

    • Richard Scaturro

      You MUST be talking about Mitt the Madman.

  • + 22.8% ^

  • I agree with Ron Paul and jimmy Rogers
    and with shadow stats

  • Wow. It is near the official Greece number, which is likely understated but still, wow.

  • Wow… What a number.

  • Ron Paul is the only one I trust.

  • Nothing to see here then- move along 🙂

  • Lol, this just happens to be the first video you ever watch and comment on? This kind of shit is getting more and more obvious

  • you can acquire the information under the freedom of information act.

  • without a link to the source of the “Shadow Government Statistics” and a detailed documentation of how they got to 22.8% this number is hardly to be taken serious. At least the BLS makes his methods public.

  • Finally a believable number!

  • In regard to my previous comment, here is the actual data: goo . gl slash


  • American journalists mocked Hitler after his statement that 99% of the USA banks were owned and operated by the jews even though the proclamation was factually correct. Soon after Hitler was elected in early 1933 the magazine Saturday Evening Post published an article which espoused that Germans possessed “infantile minds” because they could not accept the reality of their servitude to jewish power while most Americans were able to accept the reality of their lives under jewish domination.

  • I’m losing hope for this country everyday

  • Totally right.

  • Whether its 22% or some sort of “all time low” doesn’t matter much. Look at a 20 year graph. It can go up and down all it wants. The long term trend IS in fact going up up up though. 🙁