June 09 unemployment rate: 6%

6% aye.  Higher than market expectations.  Pretty inline with what we suspected here.

After 18 months of recession the unemployment rate had to be higher, it just wasn’t making sense.  Now it is.

More details to come methinks.

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  • Wow, what a pick, Matt! You should do that for a living: people would pay for those kinda picks 😉

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  • lets not start the blame game, banks cough! But at the end of the day, the richer get richer and the poorer get poorer.

  • A familiar story all round I think. In the UK things are pretty much the same with unemployment rate now up to 7.6% which is up by 2.4% from January. Bleak all round I’m afraid.