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Friday, March 08, 2013

Disturbing News In Latest Jobs Report

Don't be too impressed with the latest government unemployment report.

John Steele Gordon at Commentary Magazine:
Worse, the workforce participation rate, the percentage of the working-age population that is actually working, is only 63.5 percent. At the start of the recession it was 66 percent. In other words, millions of people have dropped out of the labor force. If they had not, the unemployment rate would be over 10 percent.
The Jobs Report

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