Nov. Jobs Report Far Worse Than Expected; Unemployment Rate Up to 9.8%

Webmaster's Commentary: 

Remember earlier in the week we were being told that the November numbers were lower and consumer confidence was high, and I predicted that these were just propaganda stunts to flog you all into the Christmas shopping paddock?

Well, those optimistic numbers were lies, and probably this one is as well. People who have run out of unemployment benefits are no longer counted as unemployed but are re-categorized in an accounting trick to keep the official unemployment figures as low as possible. Non-government experts are estimating unemployment at 23%. A family friend in California says their local unemployment has hit 30%. That exceeds the unemployment levels of the Great Depression.

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