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Wandering Eye: The economy is not as good as unemployment suggests, and more

Wandering Eye: The economy is not as good as unemployment suggests, and more

Fewer prime-age workers are working, and that means the economy isn't really in as good a shape as conventional measures—such as unemployment—suggest it is. That is the conclusion of Kevin Cashman, who blogs at The Center for Economic and Policy Research. Cashman charts out the unemployment rate of civilian Americans between the ages of 25 and 54—people who would be expected to be in the labor force. Unsurprisingly, it's a healthy 4.5 percent—just about what economists think of as "full employment." With full employment usually comes an increase in the federally set rate of interest, to make loan payments go up and slow down economic growth...

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