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The November Jobs Report Is Bad — and It Still Doesn’t Tell the Whole Story

Even with October’s missing jobs report, November’s numbers are strange — and they still don’t show the full picture, the November jobs report is bad. Yes, the data is weak. Yes, the outlook is deteriorating. But thanks to the government shutdown, delayed data collection, structural labor shifts, and long-building demographic pressures, this report captures only part of what is actually happening in the economy.

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