Job seekers now outnumber openings six to one
Job seekers now outnumber openings six to one, the worst ratio since the government began tracking open positions in 2000. What’s worse, the degree to which companies have pared back working hours for people still on their payrolls leaves tons of room for expansion without any new hiring.
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: