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A recent report by Bloomberg shows that new weekly unemployment claims fell 30,000 to 339,000, the lowest in 4 years. Over President Obama’s 4 year term, this number accumulates to over 70 million first-time unemployment claims, says Gold Price.
New York, New York (PRWEB) October 15, 2012
The latest Bloomberg report on unemployment targets Labor Department figures showing that weekly first-time claims for unemployment fell 30,000 to a 4-year low of 339,000. By multiplying 339,000 with the 52 weeks in a year, we reach 17,628,000 new unemployment claims yearly. This astonishing number over 4 years brings us to at least 70,512,000 first-time unemployment claims since President Obama took office in 2008, says Gold Price.
Arthur McGuire, Vice President of Gold Price says “One of the ways we judge economic growth is by analyzing unemployment rates. Over the past 4 years, despite the appearance of lower unemployment, at least 70 million US citizens have lost their jobs. This is no longer about being Democrat or Republican, it’s about helping the people of the United States, and 70 million unemployment claims in 4 years is not satisfactory, especially since the entire US workforce is only about 155 million.”
McGuire adds “70 million people is about 40% of our workforce, and whether Obama gets another shot or Governor Romney takes over, it’s imperative that Washington do something to correct this unacceptable trend.”
Gold Price (GP) is a leading precious metals firm since 1992. They offer investors a free award-winning gold buyer starter’s kit by visiting http://www.GoldPrice.net or calling 1-800-767-1423.
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