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June 03, 2011


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Tim: This is a bad, no good report. Throw in downward revisions for the previous 2 months, flat hours, neg temp workers and yikes. The labor market has stalled out again.

It's very hard right now for long-term workers to get hired and the mean duration of unemployment is 9 months!

We have the same take on this. It's hard to find any good news in this report or expect any better reports in the next month or so.

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