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U.S. not close to full employment

1 year ago Wednesday, March 19, 2014 5:49:08 PM CDT March 19, 2014 Wednesday, March 19 2014 Mar 19, 2014 in News
Source: Associated Press

WASHINGTON- The Chairman of the Federal Reserve says the job market is not where its supposed to be, even though the unemployment rate dropped a full percentage point over the last year to 6.7%. Janet Yellen says the economy is "not close to full employment" as the Fed ended a two-day meeting. The unemployment rate has fallen despite sluggish growth in the economy, in part because many people stopped looking for a job. Once they stop looking, they are no longer counted as unemployed.

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