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Friday, May 4, 2012

Unemployment Rate Drops

Remember: the magic number is 200,000 (more is good)

Expectations: the economy would add 168,000 jobs (and that estimate had been lowered over the past week)

Actual: 115,000 jobs added this past week.

The Wall Street Journal was generous in its analysis:
U.S. job growth slowed again in April, a fresh sign that the economy could be settling into a sluggish spring.  
Sluggish. If only.

The last line of the linked article:
A broader measure of unemployment—which includes job seekers as well as those stuck in part-time jobs—was unchanged at 14.5%. 

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