"Friday’s news that the official unemployment rate is now at a 26-year high of 9.4% is actually a rosy spin on what is really happening. " ...
"And when you add up U-3 and all the underutilized workers the official U-6 rate for May 2009 is 16.4%."...
It sure makes it hard to buy into the green shoots theory just yet."
Related: The Media Fall for Phony 'Jobs' Claims
The media aren't falling for the phony claims, they're just continuing to be Obama's mouth piece.
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