Friday, June 7, 2013

U.S. Unemployment Rate Climbs to 7.6%

Sure unemployment is continuing to increase, permanent unemployment (leaving the 'searching for a job' group) is up, the debt is way up, and government spending is up, but this is a recovery guys!
It's totally not just a dollar being devalued through massive M3 monetary base expansion by the Federal Reserve, causing price inflation in goods and markets while creating absolutely no real growth, capital growth, or good investment.
Our wise overlords couldn't possibly be wrong THIS time around




June 7 (Bloomberg) -- Bloomberg chief Washington correspondent Peter Cook reports that the jobless rate climbed to 7.6 percent in May from a four-year low as 175,000 jobs were created. He speaks on Bloomberg Television's "In The Loop."

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