3 July 2003

Jobless rate up to 6.4%

The U.S. unemployment rate rises to its highest mark in 9 years. Also, the number of Americans filing new unemployment claims rose 430,000.

Bush-o-nomics has a tragic financial trifecta going on now, with home loan foreclosures at a record high and personal bankruptcies at record marks, up 25% since 2000. A soaring level of consumer debt threatens to make it a superfecta...

posted by Naum at 8:21 | Economics

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