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Friday
Aug022013

Another glowing jobs report

Another month, another data point that the recovery is pretty much the most anemic in modern history.

Fewer than expected jobs added, labor force participation is down – again – and job gains the previous two months have been revised down. Hours are down. Wages are down. Unemployment is particularly high among young people. So, naturally, the President is calling for an increase in the minimum wage. Because, sure, that’ll create jobs.

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