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March 11, 2013

A Jobs Report That Is Not Nearly As Positive As The Headlines Suggest

"As is typical, Wall Street and the media are celebrating a jobs report that is not nearly as positive as the headlines suggest. The continuing decline in the labor force participation rate was at least as important a factor as the new jobs created in bringing down the official unemployment rate to 7.7 percent.

The participation rate has now dropped to 63.5 percent, the lowest level since 1981 when the rate had plunged due to a terrible recession." - in Finance Townhall

Related ETFs: SPDR SP 500 Index ETF (SPY), SPDR Dow Jones Industrials ETF (DIA)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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