Americans seemed to have received some good news Friday on the labor market: The unemployment rate in December fell to 4.4% from a revised 4.5% in the November (highly noisy) monthly report. The stock market reacted by climbing toward a record, and bond traders pared bets that the Federal Reserve would continue cutting benchmark interest rates to protect jobs. And yet, key parts of the report from the Bureau of Labor Statistics suggest that while conditions may not be deteriorating, the ground
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Jobs Are Plentiful? Tell That to the Unemployed
