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Obama’s Labor nominee: Official unemployment numbers ‘understate’ jobs crisis

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Thomas Perez, President Obama’s nominee to lead the Labor Department, told Congress today that the Bureau of Labor Statistics is “understat[ing]” the national unemployment rate. “The labor force participation is at one of the lowest levels,” Perez told Sen. Bernie Sanders, I-Vt., during his confirmation hearing today, adding that “7.6 percent doesn’t take into account...