US job losses exceed expectations

The US Bureau of Labor Statistics reported today that job losses came in at 240,000 for the month of October which was 40,000 more than predicted by the punters.  The US unemployment rate increased from 6.1 to 6.5%.  The US now has a higher unemployment rate than Canada.  Like the soaring looney of the past all I can say is gloat now for it shall not last long.

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