Why is the unemployment rate falling so fast? What kind of stupid question is that?
Sure, the 7.4 percent unemployment rate in July is down from 10 percent in October 2009. But 7.4 percent is higher than any unemployment rate during or after the 2001 recession, and it’s near the peak unemployment rate after the 1990-91 recession (7.8 percent in June 1992).
Down to 7.4 percent in July 2013. You call that fast?
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