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Unemployment rate goes to 9.0%, only 36K jobs added; Update: 504K disappears from labor force

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Huh?


The jobless rate fell by four-tenths of a point in January to 9.0%, the best downward revision in the post-recession environment, but it didn’t actually mean that the economy added more jobs.  The number of jobs added overall was only 36,000, which indicates that people are still fleeing the job market: The unemployment rate fell [...]

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