Weekly Jobless Claims Rise to 455,000

The Labor Department announced this morning that weekly jobless claims have risen to 455,000.  That’s one week!  Annualized, this is a rate of 23.7 million people filing for unemployment each year.  That’s 15.8% of our work force – a much better gauge of unemployment in the U.S. than the Labor Department’s gimmick-riddled “official” rate of 5.7%.

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