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7.4 Percent

Unemployment is down to 7.4 percent. Regardless of how the numbers are massaged and the low labor participation rate, lower unemployment is good.

7.4 percent is still really high. I’m keeping the magic number of 6.5 percent in mind. I do think Bernanke and company know what they are doing when they say 6.5 percent would signal a change in where we are. For now, the economy is struggling to recover and needs help but we are inching closer.

todd@toddkmiec.com

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