Shadow Government Statistics...

John Williams has an interesting web site called Shadow Government Statistics, wherein he exposes flaws in the way government presents and analyzes economic and finance statistics.  Here's a good example using unemployment statistics.  Williams includes (in the blue line) long term “discouraged” workers which have been left out of all U.S. government statistics since 1994 (a piece of Bill Clinton legerdemain designed to make the economic picture look better than it actually was).  With those “discouraged” workers back in the stats, the current unemployment rate is really about 23%, not the much rosier 7.9% released as the official number...