The Real Truth on U.S. Phantom-Jobs

In terms of the "unemployment rate", the numbers are unequivocal: the percentage of employable Americans who are without jobs continues to go up every month -- due to the combined effect of the still extremely high weekly lay-offs, plus the fact that the number of "new jobs" doesn't come close to even matching the growth in population.

We've already been through this charade in the U.S. housing market. Again we were told by countless media talking-heads and "experts" (on countless occasions) that the U.S. housing market had "bottomed" in 2009. These shills even had the audacity to claim there was a "recovery" taking place in the U.S. housing market -- as opposed to merely a "dead-cat bounce" after the worst real estate crash in the history of the U.S. economy. Returning to the real world, we have now seen U.S. housing prices plunge through that supposed "bottom", meaning that even the propagandists have been forced to abandon their lie about a "recovery" in this sector of the economy.