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The November Jobs Report Is Not Sign of a Strong Economy

The Bureau of Labor Statistics has released the job numbers for November 2015, and much of the media is repeating the Fed’s rote line that this is yet another “key indicator of economic strength,” and that maybe, just maybe, it is time to raise interest rates. Whether or not Federal Reserve Chair Janet Yellen decides to raise interest rates is an important topic to consider, but that discussion almost always neglects the plight of tens of millions of Americans.