Thunderstruck! US Unemployment Rate Is 8.7%, More Than Double BLS Estimate Of 4.1% (Mortgage Rates Rising With Declining BLS Estimates)

by
Sharing is Caring!

by confoundedinterest17

Thunderstruck! Interest rates should be thunderstruck when realization dawns that the recend BLS jobs reporr was grossly mismeasured.

National unemployment was 8.7% in this month’s Rasmussen Reports Real Unemployment and significantly more than double the 4.1% rate officially reported by the Bureau of Labor Statistics today.

See also  700K jobs lost in 2 months. Long-term unemployment is projected to double in the coming months.

Mortgage rates are rising again with Friday’s surprising jobs report. But as it just a false election report. If Rasmussen is correct, mortgage rates should FALL again.

See also  Bulls are misled by GDP, BLS models, and volatile assets like Bitcoin. The real unemployment rate is 7.2%.