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Dark side to jobs report: Big drop in hours worked

By Bubbabeefcake follow Bubbabeefcake   2013 May 6, 12:29am 151 views   0 comments   watch   nsfw   quote   share    


Think of it this way: If companies had hired all 12 million unemployed people in April, but had cut everyones hours in half, the unemployment rate would have fallen to zero, but wed be much worse off. Our paychecks would be much smaller, and the economy would contract violently.

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