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Slow hiring is blurring the line between long-term unemployed and not working

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Labor market “churn” is picking up, but it remains low. Friday's Bureau of Labor Statistics Job Openings and Labor Turnover survey showed that there were 4.6 million hires in September, to go along with 4.4 million job separations. Overall job churn is still far from its prerecession rates. It was typical for hires and separations to check in over 5 million in the years 2006-2008: the...

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