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September 16th, 2012 
FAKE NEWS for the Zionist agenda The number of applications increased by 15,000 to a seasonally adjusted 382,000, up from 367,000 in the previous week. The four-week average increased for the fourth straight week to 375,000.
One of the reasons for the increase in the unemployment rate is believed to be the Hurricane Isaac, which hit the gulf coast nearly two weeks ago, temporarily shutting down several states and forcing people out of work.
The US Federal Reserve reacted to the issue by announcing that it will spend USD 40 billion a month to buy mortgage-backed securities with the aim of stimulating the US economy and reducing the high unemployment level.
“We make our decisions based entirely on the state of the economy and the needs of the economy for policy accommodation… and that’s the best way to maintain our independence and maintain the trust of the public,” chairman of the US Federal Reserve Ben Bernanke said at a press conference on Thursday.
The unemployment rate dropped to 8.1 percent from 8.3 percent in July, but only because the number of people working or looking for a job had fallen.
The latest available data shows that 5.4 million people received unemployment aid in the week ending August 25, which is about 80,000 fewer than the previous week.
Some of the decline may be the result of more people getting jobs, but many recipients are using up all the benefits available to them.
Experts, however, say growth is not likely to get much better for the rest of this year and expect it to grow at a roughly 2 percent pace which is typically too weak to create enough jobs to lower the unemployment rate.
TE/PKH/AZ
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