Sunday, February 1, 2009

The US Unemployment Rate 10% Higher than government is reporting

John Williams, Shadowstats.com, on the Unemployment Rate

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John Williams, Founder of Shadow Government Statistics, calculates that the jobless rate is a full l0 percent higher than the government is reporting. He also discusses the news Monday morning that American companies (including Sprint, Home Depot) are cutting about 43,000 jobs.

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