Given my years in finance, I no longer trust any of the government’s numbers, so it came as no shock to me that that Jim Clifton, CEO of Gallup, has publicly stated he has no faith in the employment numbers that the government has been reporting as of late.
The government claims that unemployment currently stands at 5.6%. Given the fact that 90 million Americans are not working and 1 in 6 are on food stamps, it makes no sense to Clifton (or me!) that the unemployment rate could be that low. Clifton went to say that the percentage of full time jobs in this country as held by the adult population “is the worst it’s been in 30 years.”
Given the serious nature of his charge, Clifton actually said he was worried he might “suddenly disappear” and not make it home that evening if he disputed the accuracy of what the U.S. government is reporting as the unemployment rate.
For the full story check out the gateway pundit.