Wednesday, August 3, 2011

AP: Unemployment rose in nearly all US cities

QUOTE: "The Labor Department says the unemployment rate rose in 345 large metro areas. It dropped in 20 cities and was unchanged in seven. That's worse than May, when the rate rose in only 210 cities and a sharp reversal from April, when unemployment actually fell in nearly all metro areas."

"Green shoots".  "Recovery Summer".   
This does not look good, folks.  Just wait until they revise those figures down and we see how bad things really are.

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