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Formula shows why it's so hard to cut jobless rate
(yahoo.com)
The economy's 5.7 percent growth last quarter -- the fastest pace since 2003 -- was a step toward shrinking the nation's 10 percent...
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In for this article:
Tag:
Labor,
Business_Finance,
Economic growth,
Gross domestic product,
Okun's law,
Recessions,
Unemployment,
Macroeconomics,
Economics,
Phillips curve,
Late 2000s recession in Europe,
Organization:
US Federal Reserve,
National Association for Business Economics,
International Monetary Fund,
Democratic Party,
PoliticalEvent:
Congressional elections,
Company:
Capital IQ,
Yahoo!,
Commodity Systems Inc.,
John Hancock,
Topics Yahoo! Finance Worldwide,
Country:
United States,
Person:
Barack Obama,
Arthur Okun,
Bill Cheney,
Mark Zandi,
City:
WASHINGTON,
IndustryTerm:
Gross domestic product,
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