Monday, March 1, 2021

Tag: Here’s How the Fake Unemployment Number Was Created to Subdue Anger Against Wall Street

Here’s How the Fake Unemployment Number Was Created to Subdue Anger Against Wall Street

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by Pam Martens and Russ Martens, Wall St On Parade:

On February 3, 2015, Jim Clifton, the Chairman and CEO of the iconic 85-year old polling company, Gallup, penned an article for his company in which he called the reported unemployment number issued by the U.S. Government “The Big Lie.”

Wall Street On Parade has now discovered that a speech by former Fed Chairman Ben Bernanke and a statement made by the current Fed Chairman Jerome (Jay) Powell,  support the view that today’s reported unemployment rate of 3.5 percent is statistically impossible based on a long-held economic model known as “Okun’s Law.”