Gerald Celente: We’re going into an economic 9/11

The new job numbers are out for the month of November. The Labor Department announced that unemployment is declining and was 8.6 percent for last month. Roughly 120 thousand private jobs were created in the month of November, but critics say retail and hospitality jobs aren’t the type of jobs America needs. Others say that this doesn’t make up for the new people joining the workforce. Gerald Celente, publisher of The Trends Journal, sounds off on the issue.

The ˜Real’ Jobless Rate: 17.5% Of Workers Are Unemployed

As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed.

According to the government’s broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number is at the highest rate since becoming an official labor statistic in 1994.