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Bernanke Cast Doubts On Administration's Jobs Claims

eclining joblessness figures, sprouting lately from the current administration like so many spring crocuses, have left even the Chairman of the Federal Reserve, Ben Bernanke, puzzled over numbers that are "out of sync" with the overall economy. "The combination of relatively modest GDP growth with the more substantial improvement in the labor market over the past year is something of a puzzle," Bernanke admitted to the National Association for Business Economics earlier this week. Bernanke then proceeded to explain why unemployment figures from the administration seem so out of step with the reality most folks are experiencing. He started with...

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