The Obama Effect: Disguised Unemployment (February 2013 Update)

Here. Bottom line: While the official unemployment rate stands at 7.9 percent, the real unemployment rate is 13.0 percent. The real unemployment rate has hovered around 13 percent for more than three years. (So much for “stimulus” spending, “quantitative easing,” and taxing “the rich.”)

The job-killing effects of Obamacare and the “fiscal cliff” deal will only make matters worse. There is more on these points in the posts listed at the bottom of “The Obama Effect: Disguised Unemployment.”

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