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Jobless Rate Peaks at 12.5 Million

Dow Jones industrial average is down 21.6 percent this year, worst start in 113-year history of Dow. Jobless rate at 8.1 percent, highest recorded since 1983, household survey shows. 1.5 million homes are seriously delinquent and close to foreclosure, making up more than 11 percent of all mortgages. The West Coast regional director at the Office of Thrift Supervision has been allowed to retire from his job as a government regulatory official even though allegations that he allowed a bank under his supervision to falsify financial records.”]

Source: https://www.cuinfosecurity.com/jobless-rate-peaks-at-125-million-a-1256

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