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Obama’s Labor Department just created 386,000 jobs. Does that mean unemployment will go down next Friday?

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This morning the Labor Department’s Bureau of Labor Statistics released its annual “preliminary estimate” of the “annual benchmark revision to the establishment survey employment series.” Using updated state unemployment insurance tax records, the BLS now estimates that the U.S. economy created 386,000 more jobs over the past 12 months then they previously thought. So if the U.S. economy...

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