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27th Oct 24 </td> </tr> </table></div>  <div><BR><table width="170" border="2" cellpadding="0" cellspacing="0" bordercolor="#0000FF"> <tr> <td><table width="170" border="0" cellspacing="0" cellpadding="0"> <tr> <td><div align="center" class="error">Market Oracle <span class="style1">FREE</span> Newsletter</div></td> </tr> <tr> <td><div align="center"><strong><a href="http://www.marketoracle.info/?p=subscribe&id=1">Subscribe Now</a></strong> </div></td> </tr> </table></td> </tr> </table><BR></div>   </div> <div id="content"> <div id="breadcrumb"> </div>   <p align="center"><a href="https://www.patreon.com/Nadeem_Walayat" target="_blank"><img src="/images/2021/Apr/machine-intelligence-investing-megatrend-topban.jpg" alt="How to Protect your Wealth by Investing in AI Tech Stocks" width="720" height="100" /></a></p> <h1> The Full Employment Lie </h1> <a href="http://www.marketoracle.co.uk/Topic6.html" target="_blank">Economics</a> / <a href="http://www.marketoracle.co.uk/News-catid-225.html">Economic Statistics</a> <span class="date">Sep 22, 2023 - 10:32 PM GMT</span> <p class="caption">By: <a href="http://www.marketoracle.co.uk/UserInfo-Nadeem_Walayat.html" target="_blank">Nadeem_Walayat</a> </p> <p><span class="thumbnail"><a href="http://www.marketoracle.co.uk/Topic6.html"> <img src="../images/topics/economics.gif" alt="Economics" /> </a></span> <p>Today's narrative is that the Fed needs to force unemployment higher to cause demand destruction to bring inflation under control. Only one problem is that just as CPI is a FAKE inflation measure so is the Unemployment rate. They have fiddled the stats to such an extent that today's 3.6% unemployment is more like 10% for your grandfathers unemployment as shadow stats once more illustrates, Just look at the spread between REAL unemployment and fake UNEMPLIE 25% vs 3.6%! Seriously they are taking the piss, treating the masses like idiots! Unfortunately the Econofools perpetuate this LIE across MSM, so there you have it US unemployment rate is a lot closer to 25% than 3.65%</p> <div align="center"> <script type="text/javascript"> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </div> <br> <p><img src="https://www.marketoracle.co.uk/images/2023/July/US-Unemployment-rate-real.png" alt="" width="650" height="416" /></p> <p>And once more the same holds true for the UK where the official UNEMPLIE is 4% whilst actual unemployment is TRIPLE that at 20.8% when one counts ALL of those of working age who are economically inactive! What a CON!</p> <p><img src="https://www.marketoracle.co.uk/images/2023/Aug/Uk-real-unemployment.JPG" alt="" width="800" height="351" /></p> <p>Thus one cannot take the official stats on face value, for instance the illusion that the UK unemployment rate fell from 8.% to 3%, when reality is at best for a 2% drop when taking into account all those who were excluded by the econofools, There is purpose to this madness, it is to give the illusion that the reason why inflation is high is because the US and UK are at full employment, which is a LIE! Thus the central bank propagandises that they need to INCREASE unemployment to DECREASE INFLATION! When it is clear INFLATION is as a consequence of RAMPANT money printing and NOT FULL EMPLOYMENT because there is NO FULL EMPLOYMENT when over 20% of those of working age are sat idle!</p> <p>The rest of this extensive analysis <a href="https://www.patreon.com/posts/inflation-bond-87342150">Inflation Bond Fire of the Vanities Breeds Opportunity </a> was first made available to Patrons who support my work. So for <strong>immediate first access to ALL of my analysis and trend forecasts </strong>then do consider <a href="https://www.patreon.com/Nadeem_Walayat" target="_blank">becoming a Patron by supporting my work</a> for just $5 per month, lock it in now at $5 as this will soon rise to $7 per month for new sign-ups. <a href="https://www.patreon.com/Nadeem_Walayat" target="_blank">https://www.patreon.com/Nadeem_Walayat</a>. </p> <p>For Immediate first access to ahead of the curve analysis as my extensive analysis of the stock market illustrates (<strong><a href="https://www.patreon.com/posts/stocks-bear-max-73106361">Stocks Bear Market Max PAIN - Trend Forecast Analysis to Dec 2023 - Part1</a></strong>), that continues on in the comments section of each posted article, all for <a href="https://www.patreon.com/Nadeem_Walayat" target="_blank">just 5 bucks per month </a>which is nothing, if you can't afford 5 bucks for month then what you doing reading this article, 5 bucks is nothing, if someone did what I am doing then I would gladly pay 5 bucks for it! <a href="https://www.patreon.com/Nadeem_Walayat" target="_blank">Signup for 1 month</a> for a taste of the depth of analysis that cannot be beat by those charging $100+ per month! I am too cheap! Hence the price for new signup's will soon rise to $7 per month so lock it in now, $5 per month is nothing for what you get access to so at least give it a try, read the comments, see the depth of analysis, you won't be sorry because i do do my best by my patrons, go the extra mile and then some. </p> <p><strong>S&P</strong></p> <p>Targeting 4600 Mid Summer 2023 Top, followed by correction into Mid October.</p> <p><img src="http://www.marketoracle.co.uk/images/2022/Dec/sp-trend-forecast-2023.jpg" alt="" width="900" height="534" /></p> <p>Also gain access to my exclusive to patron's only content such as <strong>How to Really Get Rich!</strong></p> <p> <a href="https://www.patreon.com/posts/change-way-you-85619085">Change the Way You THINK! How to Really Get RICH Guide 2023</a></p> <p><a href="https://www.patreon.com/posts/change-way-you-85619085" target="_blank"><img src="http://www.marketoracle.co.uk/images/2021/Aug/morpheus-red-pill-blue-pill.jpg" alt="" width="465" height="443" /></a></p> <p>And my most recent article - <span><a href="https://www.patreon.com/posts/quad-witching-89419330">Quad Witching Cracks Stock Market Nuts</a></span></p> <p>Again for immediate access to all my work do consider <a href="https://www.patreon.com/Nadeem_Walayat" target="_blank">becoming a Patron by supporting my work</a> for just $5 per month. <a href="https://www.patreon.com/Nadeem_Walayat" target="_blank">https://www.patreon.com/Nadeem_Walayat</a> lock it in before it rises to $7 per month for new signup's.</p> <p>And ensure you are subscribed to my <a href="http://www.marketoracle.info/?p=subscribe&id=1" target="_blank">ALWAYS FREE newsletter</a> for my next in-depth analysis. </p> <p>Your trimmed the FOMO to buy the Dip analyst.</p> <p>By Nadeem Walayat</p> <p><a href="http://www.marketoracle.co.uk">http://www.marketoracle.co.uk</a></p> <p><strong>Copyright </strong>© <strong>2005-2023 </strong><a href="http://www.marketoracle.co.uk"> Marketoracle.co.uk</a> (Market Oracle Ltd). All rights reserved.</p> <p>Nadeem Walayat has over 30 years experience of <a href="http://www.walayatstreet.com" target="_blank">trading derivatives,</a> portfolio management and analysing the financial markets, including one of few who both anticipated and <a href="http://www.marketoracle.co.uk/Article37116.html"><strong>Beat the 1987 Crash</strong></a>. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the <strong>The Inf</strong><strong>lation Mega-Trend</strong> and <strong>Stocks Stealth Bull Market</strong> series that can be <a href="http://www.marketoracle.info/?p=subscribe&id=1">downloaded for Free</a>. </p> <p><a href="http://www.marketoracle.info/?p=subscribe&id=1"><img alt="Housing Markets Forecast 2014-2018" src="http://www.marketoracle.co.uk/images/housing-market-forecast-ebook-140.jpg" width="140" height="151" /><img alt="The Stocks Stealth Bull Market 2013 and Beyond Ebook" src="http://www.marketoracle.co.uk/images/stocks-stealth-bullmarket-2013-140.gif" width="140" height="151" /></a><a href="http://www.marketoracle.info/?p=subscribe&id=1" target="_blank"><img alt="The Stocks Stealth Bull Market Update 2011 Ebook" src="http://www.marketoracle.co.uk/images/stocks-stealth-bullmarket-ebook-140.gif" width="140" height="151" /></a><a href="http://www.marketoracle.info/?p=subscribe&id=1" target="_blank"><img alt="The Interest Rate Mega-Trend Ebook" src="http://www.marketoracle.co.uk/images/interest-rate-ebook-140.gif" width="140" height="151" /></a><a href="http://www.marketoracle.info/?p=subscribe&id=1" target="_blank"><img alt="The Inflation Mega-trend Ebook" src="http://www.marketoracle.co.uk/images/inflation-mega-trend-140.jpg" width="140" height="151" /></a></p> <p><a href="http://www.youtube.com/subscription_center?add_user=MarketOracleTV" target="_blank"><img src="http://www.marketoracle.co.uk/mo-tv-youtube-videos.gif" alt="" width="326" height="91" align="right" /></a>Nadeem is the Editor of The Market Oracle, a <strong>FREE</strong> <strong>Daily</strong> Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. <a href="http://www.marketoracle.co.uk"><u>http://www.marketoracle.co.uk</u></a></p> <p><strong>Disclaimer: </strong>The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.</p> <table cellspacing="0" cellpadding="0" width="70%" align="center" border="0"> <tbody> <tr> <td><div align="center">Nadeem Walayat <a href="http://www.marketoracle.co.uk/UserInfo-Nadeem_Walayat.html">Archive</a></div></td> </tr> </tbody> </table><br /> <p>© 2005-2022 <a href="http://www.marketoracle.co.uk" target="_blank">http://www.MarketOracle.co.uk</a> - The Market Oracle is a <SPAN class="style9">FREE</SPAN> <STRONG class="style15">Daily </STRONG>Financial Markets Analysis & Forecasting online publication.</p> </p> <div align="center"> <script type="text/javascript"> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </div> <p align="center"><script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>  <ins class="adsbygoogle" style="display:inline-block;width:728px;height:90px" data-ad-client="ca-pub-9649035407273608" data-ad-slot="5432820639"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script> </p> <p class="subdued"><br /> <span style="float:right;"></span> </p> <div style="text-align:center"> </div> <a id="comments"></a> <div> <p><a href="http://www.marketoracle.co.uk/user.html"><img src="http://www.marketoracle.co.uk/images/post-comments.gif" alt="Post Comment" width="269" height="49" /></a></p>Only logged in users are allowed to post comments. <a href="http://www.marketoracle.co.uk/user.html">Register/ Log in</a> <br /> <br />  <div id="footer"> <strong class="style6">The Market Oracle is a <span class="style9">FREE</span> Financial Markets Forecasting & Analysis web-site.</strong><br> <span class="style6"><strong>(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd)</strong> - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. <strong>Any and all information provided within the web-site, is for general information purposes only </strong>and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. 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