New Figures--Unemployment Soars!

The new figures have been released from the government concerning the jobless rate in America.

A key fact to remember is that the way these figures are calculated has changed since the 1930s through the early 1990s. Since that time the government does NOT figure in those who were laid off and were forced to settle for part-time jobs, or those who gave up looking for work altogether out of sheer despair.

The jobless rate, according to the present method of calculation, is now 9.8%. Roughly 230,000 more jobs were lost in the month of September alone.

But when the old method of calculating joblessness is used, the unemployment rate in the U.S. stands at a whopping 17%--the highest since the 1930s.

Obama told Americans all across the land during the campaign that his 'stimulus package' would prevent any more jobs from being lost. So far, the opposite has happened as the unemployment rate keeps moving upward.