Robert Higgs / Looking beyond the unemployment numbers - Press of Atlantic City: Commentary

Robert Higgs / Looking beyond the unemployment numbers

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Posted: Friday, January 17, 2014 12:01 am

The U.S. unemployment rate dipped to 6.7 percent in December, stirring considerable joy in Mudville. Before we spend time shouting hurrah, however, we should bear in mind a few other facts and recall that not so long ago an unemployment rate of 6.7 percent would have been considered scandalous.

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