Video: Real Unemployment Figures Double Those Reported By Labor Department

7.6% is actually over 15% – just 9% shy of figure at height of great depression

The national media frenzy about the U.S. unemployment rate shooting up to 7.6% doesn’t even do justice to the actual unemployment figure, which in reality stands at around 15 per cent, just 9 per cent shy of the unemployment total at the very height of the great depression.

MSM: Job losses worst since 1974

WASHINGTON (Reuters) – U.S. employers axed 533,000 jobs from payrolls in November, the most in 34 years, as the year-old recession hammered the economy and hardened calls for dramatic government action to restore growth.

The Labor Department said Friday the unemployment rate hit 6.7 percent last month, the highest since 1993, which adds up to 10.3 million Americans out of work, 2 million more than the population of New York City.

MSM: NY City securities workforce down to Sept 2005 level

NEW YORK (Reuters) – New York City’s securities companies shed 16,000 employees in October, measured on a year-over-year basis, pushing the total work force down to a level last seen September 2005, a state labor analyst said on Thursday.

MSM: Stocks Are Hurt by Latest Fear: Declining Prices

After gyrating wildly for weeks, the stock market lurched lower on Wednesday, falling to its lowest point in nearly six years, as concern spread that the economy might be facing a chronic and debilitating decline in prices.

MSM: Consumer prices drop record 1 percent in October

WASHINGTON (AP) — Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount.

MSM: Jobless rate at 14-year high as losses continue

WASHINGTON (Reuters) – The unemployment rate shot to a 14-1/2 year high last month as employers slashed jobs by an unexpectedly steep 240,000, suggesting President-elect Barack Obama will face a deep recession when he takes office.