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  • w.heinlein w.heinlein Feb 6, 2012 12:55 PM Flag

    Murdoch's WSJ on job participation rate

    Paul Krugman also pointed out the fact that the drop in unemployment was real and not a statistical artifact.

    But he noted that we would need 7 more years of job growth at the January lovel to return unemployment and labor force participation rate to where they were at the end of the Clinton administration. There has been ZERO net job growth since then, at the same time as the population has steadly expanded.

    Now if the Republican Congress can just restrain itself from strangling this recovery in its cradle, we might have a shot at a decent economy in a few years.

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