Saturday, July 4, 2009

Unemployment Rate

With the release of the unemployment rate in the United States hovering at 9.5%

9.5% is the official gov stats. This however gets revised over time. The real numbers are much more grim. At the following site tells the story of the real toll that this depression has taken on the overall economy in the United States.

With a continued trend to deleveraging the past couple decades of excess, and a tremendous toll on personal wealth I don't foresee growth in the near future. Even with all this green shoot talk, that has also died down.

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