Unemployment: It's Off to Work We Go

HELP WANTED. Those welcome words continue to blossom around the U.S. at a pace so fast that even optimistic forecasters are stunned. Most economists expected the jobless rate to fall to about 7% by next year. But what they cautiously predicted has already come to pass. Last week the Labor Department announced that civilian unemployment fell from 7.5% in May to 7.1% in June, its lowest level in more than four years. Since November 1982, when unemployment hit a postwar peak of 10.7%, the brisk economic recovery has created at least 6.5...

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