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The unemployment rate increased to 3.7% in May, although 339,000 new jobs were created

Workers created a record 339,000 new jobs in May, as the job market kept moving along despite rising interest rates and ongoing prices. The unemployment rate increased from a five-decade record of 3.4% to 3.7%, according to data from an additional family survey, the Labor Department reported on Friday. The highest reading since October, that….

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Savings of Americans on the verge of being destroyed by inflation as the US urgently attempts to pay its debts: Arthur Hayes

The creator of BitMEX, an expert in the cryptocurrency industry, claims that Americans are about to see a surge of inflation that would badly harm their investments. According to a recent blog post by Hayes, when the US loses control over the world’s economic growth, the stock market would balkanize into multiple blocs as opposed…

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