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Today’s Jobs Report in Pictures

October 3, 2014 at 9:48 AM

Today’s generally solid report shows that job creation is back on an over-200,000-a-month track after slowing sharply in August.  Nevertheless, there appears to be substantial room for further expansion, allowing the Federal Reserve to keep interest rates low in pursuit of high employment without igniting unacceptable inflation.  Moreover, policymakers should not be concerned about inflation even if wages begin to grow faster than they have so far in the recovery.

Click here for my full statement with further analysis.


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