“Keith Hall believes the US economy is a lot sicker than the 7.6 percent unemployment rate would lead you to believe. And he should know. Hall was, from 2008 until last year, the guy in charge of Washington’s Bureau of Labor Statistics, the agency that compiles that rate. ‘Right now [it’s] misleadingly low,’ says Hall, who believes a truer reading of those now wanting a job but without one to be more than 10 percent. The fly in the ointment is the BLS employment-to-population ratio, which is currently at 58.7 percent. ‘It’s lower than it was when the recession ended. I think that’s a remarkable statistic.'”
http://www.zerohedge.com/news/2013-07-18/jobs-number-bs-says-former-head-bls
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