Agoracom

• Consumers have some small unemployment issues but joblessness is only 5.5% and therefore is manageable. The help wanted index is the lowest since the Truman Administration telling us jobs are not only scarce but nearly impossible to find. Michigan unemployment is officially just above 7% when in reality it’s more like 16-17% unemployed with thousands in more losses just ahead. Nationally, the posted unemployment rate is 5.5% but the true rate is 11-12% and rising fast. We forecast a 1930’s national jobless rate of 25% or WORSE WITHIN THREE YEARS.
  

Pretty scary if the forecast of 25% unemployment rate comes true! That would be really hard for the economy to take.