As weather watchers were preparing for Groundhog’s Day, economists were equally focused on whether the shadow of the government shutdown would impact the January employment report. They need not have worried.
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The October employment report was not just good, it was great. The economy added 250,000 jobs, the unemployment rate remained at a 49 year low of 3.7 percent and workers enjoyed the best annual wage growth in nearly a decade (April 2009).
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