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Deciphering US labor data

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There has been a great deal of discussion over the past few years around the labor market, the unemployment rate, and so on. Most of it is at best uninformative, and at worst, just plain wrong. We are often left with a lot of data and very little information. In the next few paragraphs I will explain where all this data comes from, what it means, and in the end, tell you where to find the information you need to cut through the noise.

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