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Unemployment Rate reaches 8.1%

The NFP report drove the US Unemployment numbers to a 8.1% rate, this is the highest rate since 1983. The past three months have seen a loss of almost 3 million jobs as the overall economy deteriorates. There are analysts which refute that the rate will reach double digits this year, but as more layoffs continue to be announced and unemployment claims rise, it is very difficult to trust on their assessment.


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November
20
Today’s Global
Market Events
8:30 am

CAD
Core Retail Sales m/m
0.5%
CAD
Retail Sales m/m
0.8%
10:00 am

USD
Existing Home Sales
5.57m
6:00 pm

AUD
CB Leading Index m/m
1.8%