Tag Archives: u.s. unemployment

In spite of massive, multi-billion dollar deficit spending by the federal government, job growth is virtually non-existent and well below the rate of population growth of people entering the workforce, according to year end statistics.

In December, the unemployment rate fell by 0.4% of a percentage point to 9.4%, and nonfarm payroll employment increased by a mere 103,000. More than 14.5 million people are out of work. Official statistics drastically understate the actual number of unemployed or under employed people in the United States. It appears there is no end in sight to massive unemployment, decreased tax revenues and record breaking deficit spending.
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