Peter Schiff : It's Going To Get Ugly in the US
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The new jobs numbers are out and the unemployment rate fell to 8.1 percent. According to the US Bureau of Labor Statistics, in April 115,000 non-farm jobs were added, but at the same time 342,000 people left the labor force. In February the unemployment rate was 8.3 percent. At this rate will the US ever climb out of the jobs crisis? Peter Schiff, president of Euro Pacific Capital, joins us to take a closer look at the numbers.