Obama’s Real Unemployment Rate Is 14.7%, And A Recession’s On The Way

From Forbes:

The Bureau of Labor Statistics (BLS) reported last Friday that 114,000 new jobs were created last month, according to its Establishment Survey of business payrolls that has been emphasized by the Obama Administration.  That is pitifully weak, especially for what is supposed to be the fourth year of a recovery (the National Bureau of Economic Research scored the recession as officially over in June, 2009).

As economist John Lott noted at FoxNews.com on October 5, the working age population grew by 206,000 last month.  With two-thirds of those working as would be expected during a normal recovery, 138,000 new jobs would have been necessary in September just to keep pace with population growth.

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