Raghavan Mayur, president at TechnoMetrica Market Intelligence, follows unemployment data closely. So, when his survey for May revealed that 28% of the 1,000-odd households surveyed reported that at least one member was looking for a full-time job, he was flummoxed.Read it here. The "official" unemployment rate (U-3) is 9.5%, while the government's "broad" unemployment rate (U-6) is around 17%. John Williams' Shadow Stats, which I believe uses the pre-Clinton-era methodology for calculating unemployment, puts the number at around 22%. The TIPP poll cited above is more in line with this number. That is Great Depression-era territory, by the way.
"Our numbers are always very accurate, so I was surprised at the discrepancy with the government's numbers," says Mayur, whose firm owns the TIPP polling unit, a polling partner for Investors' Business Daily and Christian Science Monitor. After all, the headline number shows the U.S. unemployment rate today is 9.5%, with a total of 14.6 million jobless people.
However, Mayur's polls continued to find much worse figures. The June poll turned up 27.8% of households with at least one member who's unemployed and looking for a job, while the latest poll conducted in the second week of July showed 28.6% in that situation. That translates to an unemployment rate of over 22%, says Mayur, who has started questioning the accuracy of the Labor Department's jobless numbers. ...
Yet again, US medical consumers are paying for cheap drugs for the rest of
the world
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It seems that Novo Nordisk, producers of Ozempic (a popular treatment for
diabetes) and Wegovy (ditto for weight loss), has been gouging the hell out
...
5 hours ago
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