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Formula shows why it's so hard to cut jobless rate (AP)
Published at 31 January 2010, 21:15 GMT

FILE - In this Jan. 23, 2010 file photo, job applicants fill out forms at a job fair in Santa Clara, Calif. The Federal Reserve and outside economists think it will take until around the middle of the decade to lower the double-digit jobless rate to a more normal 5 or 6 percent. (AP Photo/Paul Sakuma, File)AP - The economy's 5.7 percent growth last quarter — the fastest pace since 2003 — was a step toward shrinking the nation's 10 percent unemployment rate.


 
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