CHART: Dismal March Jobs Report Shocks Wall Street
Friday’s dismal job figures should serve as a wake-up call to all astute investors that the U.S. economy is far weaker than is being reported by the financial media.
‘Massive jobs shortfall’ predicted for global economy
International Labour Organisation said the group of developing and developed nations had seen 20m jobs disappear since the financial crisis in 2008.
REPORT: U.S. Poverty Rate Soars to Nearly 1 in 6
The ranks of U.S. poor swelled to nearly 1 in 6 people last year, reaching a new high as long-term unemployment woes left millions of Americans struggling and out of work.
Unemployment Picture Remains Ugly
Editor’s Note: As the month of June comes to a close, the unemployment picture in the United States is still bleak at best. A news story from Reuters indicates that this week marks the 12th straight week that jobless claims were above “normal” or stable levels. We are not surprised by the unemployment levels, and in fact, we believe that the numbers are much higher than the government reports. We expect unemployment to remain high as economic conditions continue to worsen for the nation.
Get Ready for Big Inflation
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The Fed is attempting to create general expectations of inflation through its policy statements and actions.