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IPFS News Link • Economy - Economics USA

The Real Economy is Getting Worse

07/27/2009 • Daily Reckoning

The jobless rate hit a 26-year high of 9.5% last month – and many economists are betting for the jobless rate to hit 10%. “Of the June total,” reports the Labor Department, “1,235 mass layoffs were reported in the manufacturing sector.” “All the indicators in the real economy,” said Bill Bonner in his final speech at the Agora Financial Investment Symposium in Vancouver, “are actually getting worse.”

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