No. 492: Fiscal Fiasco, December Employment and Unemployment, November Construction

(SGS Subscription required) • Fiscal Crisis Continues Unabated; Last-Minute “Cliff” Deal Did Nothing to Reduce or Contain Budget Deficits
• No Way of Avoiding A Recession That Already Is Underway
• December U.3 Unemployment Rate Actually Rose by 0.1%
• ShadowStats Unemployment Estimate at New High
• December Unemployment: 7.8% (U.3), 14.4% (U.6), 23.0% (ShadowStats.com)
• December M3 Annual Growth at 3-1/2 Year High

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