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on Jan 3, 2017

We need to keep a few things in mind when reading these news stories about comparing 2017 to years past.
One is that this 5.0 percent unemployment rate would probably be 19.0 if it were measured the way it was measured 8 years ago.
Those of us who remember what the economy looked like when the unemployment rate actually was 5.0 percent know that this economy looks nothing like that.

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