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Rate snapshot: Unemployment levels best in 6 years, trade deficit shrinks

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Mortgage Professional America | 03 Oct 2014, 07:05 AM Agree 0
The trade deficit hit a seven-month low, and September unemployment dropped below 6%. This and more in today's rate snapshot
  • Nancy V | | 06 Oct 2014, 12:21 PM Agree 0
    I find it hard to believe that unemployment is under 6%. There's an election coming up and that's the reason for this bogus report.
  • ScottPrevett | | 06 Oct 2014, 01:31 PM Agree 0
    It's really not hard to believe at all, if you understand fully how the unemployment numbers work. They don't measure underemployed, people forced to work 1 or 2 part-time jobs instead of 1 full-time job, or the millions who have simply given up looking. We now have as low of a participation rate as we did back in the 1960's when it was customary for families to only have one breadwinner in the home.
    Is it possible that the numbers are being fudged on top of that? Absolutely.
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