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Hold the Champagne — The Job Market is Far from Recovered


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Hold the Champagne — The Job Market is Far from Recovered

WASHINGTON - Recent media reports have celebrated the strength of the economy based on the high rate of job growth and the low 4.9 percent unemployment rate. Despite this seemingly strong number, a new report from the Center for Economic and Policy Research (CEPR) shows that the labor market is only two-thirds recovered from the Great Recession. This provides little support for the Federal Reserve to raise interest rates now, or in the near future, and instead supports the need for monetary and fiscal stimulus.

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