Friday, October 2, 2009

More unemployment

"First-time claims for jobless benefits increased more than expected last week, a sign employers are reluctant to hire and the job market remains weak."

http://www.miamiherald.com/business/story/1262397.html

Expect to see double digit unemployment in the next report.

And, remember, the real unemployment rate is at least one third higher, because the official number doesn't count "discouraged workers" who are no longer looking.

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