Real Unemployment Rate is 20%

Last week, on Friday, the Labor Department announced that unemployment hit a 26-year high of 10.2% last month. The promise made earlier this year that the unemployment rate would not reach 10% this year with the stimulus program has now been broken. What is even more worrying is the interview of Gerald Celente, economic analyst and trend researcher, stated that the actual rate for unemployment has reached 20%!

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