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Jobs report blues: Did the Fed screw up?
The Fed has been too cheery about the economy before, and Friday's jobs report may prompt many to wonder if the central bank screwed up again. The U.S. unemployment rate may have dropped to 6.7% in December from 7% the previous month, but this comes as the economy created sharply fewer jobs in December – one of the busiest shopping months of the year. The Labor Department reported that 74,000 jobs were added to the economy, that's significantly less than the over 200,000 jobs created during the previous two months and the lowest monthly gain in three years. Economists had expected many more jobs, and rightfully so, ... (full story)
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