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US unemployment rate may rise to 10%: Moody's

PUBLISHED ON: July 2, 2010 | Duration: 5 min, 37 sec

  
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Gus Faucher, director of macroeconomics at Moody's Economy.com, says the reason for the dip in US unemployment rate in June was because a lot of people have left the labour force. "But I think it is going to head towards 10 per cent by the end of 2010," he says.
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