The Absurd, Totally Misleading US Unemployment Report

 In July, the unemployment rate declined by 0.9 percentage point to 10.2 percent, and the number of unemployed persons fell by 1.4 million to 16.3 million.

This number will be breathlessly reported in all the media but let’s look at reality on the ground.

First, Mike Shedlock offers this chart from yesterday’s continued unemployment claims.

John Mauldin 7 August 2020



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