Unemployment rate is a BIG LIE comment from Gallup last week. Most everyone in this All Star Economic News board knows this already. We have talked about the cooked numbers for years. As stock traders, we have to know this stuff and keep our eyes wide open.
What was wild about last week was that Gallup is a mainstream financial organization. For such a mainstream group to come out and call the Obama Administration's unemployment rate figure of around 5.6% a "big lie", is not something you see every day.
Below is an excerpt from the weekly show where I discuss why Gallup called the unemployment rate a big lie.
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