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February 2010

Recs

6

Unemployment +0.9% to 18.0%

February 05, 2010 – Comments (0)

No, no, I am not referring to 9.7% of U3, which is the number being quoted by the media. The number I cite is U6 (raw, not seasonally adjusted), a much more inclusive measure of unemployment. Rather than an "unexpected dip", massive numbers of additional people have become unemployed.   [more]

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