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More Unemployment and Fewer Workers: a Bad Fourth Quarter
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It was a surprise. And, frankly, very negative. I say that it is surprising to me for two reasons. The first is that I do not have the feeling, in view of the other important magnitudes –such as consumption–, which have been positive, that they coexist with an increase in unemployment and a decrease in the number of employed people, which has affected both the fourth quarter and the year as a whole. And the second is that, contrary to many other…
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