The People’s Party, the largest group in a five-party coalition, walked out amid disputes over how to cope with the country’s severe problems.
Unemployment has now hit 20 per cent and the economy contracted by 18 per cent last year.
The People’s Party quit after its action plan failed to get the backing of Valdis Dombrovskis, the Latvian prime minister, who labelled it “populist”.
Mr Dombrovskis warned the People’s Party’s departure could cause yet further economic instability.
Just in case anyone needed confirmation that the DOL data is just a little, how should we say it, cooked, here comes Gallup with their March 15 undermployment number, which just hit a 2010, and series, high of 20%. This is obviously worse compared to both the beginning of the year (19.5%) and February (19.8%). Unlike the Dept of Labor’s arcane voodoo which lately is based more on executive confidential memos and snowfall observations, Gallup’s underemployment measure is based on more than 20,000 phone interviews collected over a 30-day period and reported daily. Furthermore “Gallup’s results are not seasonally adjusted and tend to be a precursor of government reports by approximately two weeks.” We wonder if the abnormally hot March weather will used as an excuse for a deterioraiton in the most recent NFP numbers.
A summary of underemployment trends as per Gallup:
in order to meet their quotas policemen are often pushed to make arbitrary arrest of innocent people , they particularly target kids and minorities
NYPD Police admitting to Arrest Innocent People in order to meet the Quotas
