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Employment Data, Released Today, Reinforces Our Long-Held View That the US Will Avoid a Double-Dip Recession

publication date: Feb 3, 2012
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Nonfarm payroll employment increased by 243,000 in January, and the unemployment rate fell to 8.3%. Job growth was widespread, with large gains in professional and business services, leisure and hospitality, and manufacturing. We continue to believe the US will avoid a double-dip recession.


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