It’s Official: Economy Heading Down  By Greg Hunter’s   There
has been so much bad economic news out, recently, I do not see
how anyone with half a frontal lobe could say the economy is not
in trouble.   Friday, new unemployment figures were announced,
and a weak 119,000 jobs were created.  The rate fell to 8.1%,
but only because more discouraged workers stopped looking for
work and disappeared from the government’s data base.   In
Friday’s report, economist John Williams of summed it all up by
saying, “The headline U.3 unemployment rate dropped a
statistically insignificant notch to 8.1% in April, from 8.2% in
March, but the “good” news was anything but good.  The declining
pace of headline unemployment reflected an accelerating increase
in the number of the headline unemployed giving up looking for
work, because there were no jobs to be had. . . . The SGS-
Alternate Unemployment Measure, accordingly, notched higher in
April to 22.3%, from 22.2% in March.”  (Click here to go to the
free section of  So, unempl