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'True' unemployment rate falls to 8.3 percent

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Thursday's jobs report suggested that the employment recovery sped up in June, with the unemployment rate falling to 6.1 percent. But with the labor force participation rate stuck at 62.8 percent, the lowest it has been since the late 1970s, the unemployment rate overstates the strength of the labor market -- a point that Federal Reserve Chairwoman Janet Yellen, among other top economic...

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