February 4, 2012

Still Losing the Unemployment War

Mohamed El-Erian, Washington Post

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The first Friday of every month, you will find me among those eagerly waiting for the release of the latest government data on jobs. Such eagerness, however, should not be confused with joyfulness. While the numbers have markedly improved over the past year, too much of the commentary has been overly partial and, sometimes, dangerously misleading — a situation that is likely to grow worse in the run-up to the November elections.

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TAGGED: Unemployment, Mohamed El-Erian, Economy


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