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Idle Times

9:01 AM, Apr 5, 2013 • By GEOFFREY NORMAN
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Zero Hedge goes inside the 7.6 and 88,000 numbers, and reports:

This was the biggest miss to expectations since December 2009 and the worst print since June 2012. The unemployment rate declined to 7.6%, but this was due entirely to the collapse in the labor force participation rate, which declined by 20 bps to 63.3%, a new 30 year low ...

Forget the short-term fluctuations. The promising numbers one month leading to disappointment the next. The long trend is running conclusively against work. The United States of America, formerly the most robust, hard charging economy in the world is now idling.  

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