Alternate Unemployment Charts
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.Unemployment Data Series (Subscription required.) View Download Excel CSV File Last Updated: September 6th, 2013
Republishing our charts: Permission, Restrictions and Instructions (includes important requirements for successful hot-linking)
9:06 PM (16 hours ago)
Having trouble viewing this issue? Click here.
Massive Shale Discovery in Kiwi Nation —
You must act today!
I've found a tiny sub-$1 company in New Zealand sitting on one of the largest shale reserves
in the world. Along with another small company, they control over 5,000 square miles of the
most oil rich land in the world.
There's so much oil there... it's literally leaking to the surface.
You've got to hurry on this one, word is starting to get out — and drilling has already
started. Learn all the exciting details here.
Fed and Elite vs. Americans and the World
By Adam English | Tuesday, September 10th, 2013
Let's get something straight here, considering it came as a bit of a
shock to the politicians and central bankers from 20 major economic powers...
The Federal Reserve doesn't care about you.
It doesn't care about the American people; it only serves the tiny number of
Americans in the highest circles of the corporate and political elite.
While there's no question that the Fed has been devoted to propping up
markets for the corporate and political elite, central bankers were under the
assumption the Fed was committed to working with them to tackle a global issue.
You can imagine their surprise, then, as the Fed has clarified its position
in recent weeks...
The divide became even more apparent as the G-20 meeting was
This drab communique was released after the two-day forum:
monetary policy settings will continue to be carefully calibrated
and clearly communicated. We reiterate that excess volatility of
financial flows and disorderly movements in exchange rates
can have adverse implications for economic and financial stability,
as observed recently in some emerging markets.
Government terrorizes ordinary Americans.
Here's how to protect yourself.
A 60-year-old woman violently handcuffed for speaking out against corporate
A former U.S. Marine arrested by the FBI for criticizing the
Leaked info shows the NSA blatantly breaking your Fourth
Our government is getting out of hand — and in response,
we've started a special community to show you how to protect yourself...
To learn how you can join and stop the invasion of your rights,
simply click here.
In layman's terms, most of the group of 20 nations doesn't want any
meaningful changes to worldwide central bank policies. They have no
interest in rocking a boat that has risen on a tide of easy money faster
than it could sink from its own unresolved problems.
But the Fed isn't going to play along with the global central bank
rigging scheme — at least, not the way it has been and the way
the rest of the world wants.
As Dennis Lockhart, president of the Atlanta Fed, put it after the
late-August meeting of central bankers in Jackson Hole, Wyoming:
"You have to remember that we are a legal creature of Congress and that
we only have a mandate to concern ourselves with the interest of the
That is absolutely true, though it has hardly been the case so far.
The Fed's balance sheet has expanded to a whopping $3.65 trillion
by injecting easy money into the markets and banks. And a disturbing
amount of the easy money the Fed created directly funded overseas
Shortly after the Lehman Brothers collapse, the Fed pumped
billions into the U.S. branches of foreign banks.
As Eurozone banks were struggling to roll over $2 trillion of debts
denominated in U.S. dollars back in 2011, the Fed came to the rescue
yet again. While the cut-rate currency swaps from central banks
included Britain, Japan, Canada, and Switzerland, a lion's share of the
effort came from the Fed in the form of hundreds of billions poured
from the U.S. central bank into European banks to prevent a foreign
In total, $7.7 trillion was loaned to mega-banks from 2007 to
2009, according to documents uncovered by Bloomberg News through
a Freedom of Information Act request in 2011.
A vast majority was essentially off the books for a reason: The Fed didn't
want to disclose the massive amount of support it was giving to mega-banks,
and it didn't want anyone to know the scope of its intervention overseas.
In mid-December 2011, Sen. Lindsey Graham told reporters that Ben
Bernanke himself said the Fed did not have "the intention or the
uthority" to bail out Europe. The very same week, Helicopter Ben flew
to Europe and increased the size of these credit swap lines by about
The Fed didn't want to disclose that it was engaged in a secret
campaign to prop up international banks and financial institutions and
hand Americans the bill.
Estimates peg the total support given by the Fed to the ECB and foreign
banks at $1.1 trillion.
Trickle Down Markets
Of course, none of this includes how the private market used money
from the Fed.
As money from the Fed magically appears from nowhere and is
pumped into global mega-banks and institutional investors, it starts freely
flowing around the globe...
One of the problems with dumping a whole lot of cash into anemic markets
is that they can only absorb so much before risk gets completely out of
hand. So big investors and banks started spreading it around overseas,
and a whole lot of private capital has been injected into foreign markets
in recent years.
The Institute of International Finance, essentially a global banking club,
has been keeping track of the trend.
With the Fed breaking ranks with other central banks and discussing an
end to QE, net private capital flows to emerging markets in 2014 is going
to drop to the lowest level since 2009.
Back in 2009, developed market to emerging market capital flow only
totaled $649 billion. Since then, it has grown to $1.2 trillion.
As bank lending declined, a massive increase in portfolio investment —
mostly through bonds — kicked in.
Brazil, India, and Indonesia were some of the largest beneficiaries as the
trickle-down effect between markets turned into a deluge.
If the Fed tapers and interest rates rise, money will undoubtedly pull out
of emerging markets.
The mere suggestion that the U.S. might taper QE was followed by a 20%
collapse in the Indian rupee. The Brazilian real and Indonesian rupiah were
hit very hard as well. The dropping currencies drove up local prices,
resulting in slowing economies.
No wonder the G-20 is trying to keep the Fed pumping money. They are
as hopelessly dependent on it to create the illusion of healthy economies,
just as the mega-banks have been.
They are ultimately dependent on growth leveraged by you and me,
the American taxpayer.
Lockhart also has some advice for the rest of the world: "Other countries
simply have to take that as a reality and adjust to us, if that's something
important for their economies."
The Best Investment I've Seen in 18 Years
Buy a handful of stocks, and you might make a few bucks over the next year...
CDs, Bonds, IRAs — ditto.
Yet if you're aware of something we call "Silver Strikes," you could rake in
up to 35 times your money by year's end!
Click here to find out why this is the best opportunity I've come across
in nearly two decades.
Devoted to America, Not Americans
While the Fed has committed itself to a domestic focus, and plans on
abandoning its unlawful international support, it will undoubtedly
continue to ignore Americans. Just look at how the labor market has
been shaped under the Fed's policies...
Since the recession officially began in December 2007, there are
5.8 million fewer full-time jobs and 2.8 million more part-time jobs.
An all-time high of 8.2 million Americans are working part-time
positions and want full-time jobs, but cannot find one.
The jobs report releases on Friday just adds fuel to this fire: 169,000 jobs
were added, and the unemployment rate officially fell to 7.3%...
yet nearly twice as many people — 312,000 Americans — dropped off
of official figures.
The number of people with jobs actually fell 115,000 in August. The proportion
of the U.S. population that had a job in August was 58.6%, the same as six
Virtually all of the gains in the stock markets have gone to institutional
investors; retail investors never fully returned.
Instead of prompting the Fed to reevaluate how it is helping Americans, the
gains in stock markets and recent job reports are just going to reinforce the
status quo. It will also be used as false proof that the economy is slowly
getting better for hard-hit Americans.
If the BLS and Fed referred to a far more accurate unemployment estimate
that included all unemployed, marginally attached workers plus those who
work part-time for economic reasons, more than 1 in 8 Americans are not
being helped by the Fed's obscenely expensive programs.
Add in long-term discouraged workers for an even better estimate
(as Shadowstats.com does) and nearly 1 of 4 Americans is unemployed:
Lockhart was absolutely correct when he said that the Fed is a legal
creature of Congress, and it is mandated to exclusively serve the interests
of the United States.
But let's be clear on one thing: He is talking about the United States
government, not the citizens of the United States.
The Fed has clarified its position, and the evidence supports it: The Fed is
only in place to serve the elite Americans who run mega-banks and large
Only the people benefiting from cronyism and the revolving door have
For a couple years there, the interests of the Fed's masters aligned
with the G-20, and so member nations enjoyed the perks of unprecedented
intervention by the world's most influential financial institution...
Now they will have to fend on their own like the vast majority of
Americans. The mercenary nature of the "powers that be" are apparent
On behalf of the struggling masses the U.S. government technically
represents, let me be the first to welcome the member nations of the
G-20 to the Outside.
Adam's editorial talents and analysis drew the attention of senior editors at Outsider Club, which he joined in mid-2012. While he has acquired years of hands-on experience in the editorial room by working side by side with ex-brokers, options floor traders, and financial advisors, he is acutely aware of the challenges faced by retail investors after starting at the ground floor in the financial publishing field. For more on Adam, check out his editor's page.
Outside the Numbers