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Thursday, 31 July 2014

Enjoy cheerier U.S. jobs figures while they last

Unhappy new year

The 146,000 new positions in November were more than expected while the 7.7 pct unemployment rate is the lowest level since the end of 2008. But the labor force participation rate also sank to a 30-year low and fiscal austerity looms. That portends a workforce reversal of fortune.



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