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UNEMPLOYMENT REPORT HITS STOCKS HARD

|Includes: BAC, BCS, C, DBA, DBB, DJP-OLD, EEM, EFA, EPI, EWA, EWC, EWG, EWJ, EWS, EWY, EWZ, FXE, FXF, FXI, FXY, GDX, GLD, IEF, iShares Russell 2000 ETF (IWM), IYR, IYT, JJC, JJG, LQD, QQQ, RSX, SLV, SPY, UGA, USL, UUP, XLE, XLI, XLV, XLY, XRT

 
 

How do they arrive at a number like "zero"? The BLS must round up or down by the thousands. This was said to be the worst unemployment report since 1945. Some wanted to spin it allowing for Verizon workers on strike but then those same folks didn't allow for striking Minnesota government workers who returned to work. The actual unemployment rate, excluding those who have dropped-off the rolls, has been put at over 16%. Also, WSJ reported 15% of Americans, or 45 million people, are on Food Stamps. These aren't the kind of reports that inspire confidence. Is this any way to celebrate Labor Day?
 

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