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May 7, 2012

US Unemployment Numbers – Peter Schiff

by Bob Schwartz

US Unemployment Numbers

Peter Schiff, president of Euro Pacific Capital, takes a closer look at the latest US unemployment numbers.

On Friday, the latest unemployment numbers fell to 8.1 percent. According to the US Bureau of Labor Statistics, in April 115,000 non-farm jobs were added, but at the same time 342,000 people left the labor force. In February the unemployment rate was 8.3 percent. At this rate will the US ever climb out of the jobs crisis?

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