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December 2, 2011

Unemployment dropped to 8.6% in the month of November, showing the lowest number since March 2009!  The U6 number also dropped to 15.6%. While good news, it’s not really.  The problem is the way the unemployment numbers are calculated — they don’t count labor force dropouts, which outnumbered new hires by 300,000 last month!  So [...]

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