Unemployment Statistics – John Williams on Economics 101

John Williams of ShadowStats.com joins us to discuss unemployment statistics, and how they are manipulated by governments to hide painful economic realities. We go into the history of unemployment reporting and discuss the commonly-cited U3 number vs. the more accurate U6 number. For more information on how economic statistics are fudged by the powers that be for their political purposes, please visit Mr. Williams’ website: www.shadowstats.com
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4 thoughts on “Unemployment Statistics – John Williams on Economics 101

  1. government changes the definition of a word to suit it’s political agenda. That’s what political correctness is about. Historically 99% of people don’t question gov’t data. That’s changing fast. People are tired of being lied to.

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