Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years

BY: Paul Bedard | January 21, 2014 | 12:00 am

Only 79K Jobs Added in Dec., Misses Estimates

Jan. 10 (Bloomberg) –- “Lunch Money” Host Adam Johnson reports on the latest unemployment figures and what they...

Only 79K Jobs Added in Dec., Misses Estimates

Bloomberg

00:00 / 03:46

Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the realunemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.