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What the unemployment numbers don't tell us

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What is an economic recovery? Are we actually experiencing one? For most Americans, the economy and the labor market are synonymous - a healthy economy is one that creates jobs. And when journalists sit down to report the monthly jobs reports, that's the question they try to answer. But do they answer it? We learned Aug. 2 that the economy produced 162,000 net new jobs in July. And the...

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