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The government reported today that the unemployment rate jumped from 5.0% to 5.5%. Many news outlets are saying that this was the largest increase in 22 years. I broke down the data into a few more decimal places, and it's actually the largest increase in 28 years. Nonfarm payrolls declined by 49,000.

Posted by edelfenbein at June 6, 2008 9:56 AM