BBC NEWS | Business | US unemployment rate reaches 7.6%
Wow, this is very concerning for the US. Horrible numbers. US unemployment is now higher than EU-27 and passing the Eurozone next month. Considering European unemployment has been hovering about 7% for quite awhile, and US unemployment was only 4% a year ago, the numbers are dramatic.
I actually predicted this to happen several years ago, but then people called me dumb and what not. If you do not believe me, check out my first posts on this forum and my warnings about a worse economy for the US and the UK the coming years, but a relative stable European economy.