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January 20, 2004

BILL HOBBS WRITES that the "jobless recovery" isn't, in fact, jobless. Meanwhile this report from the Joint Economic Committee says the economy is continuing to improve, and notes a great disparity between the employer and household surveys on employment.

Your guess is as good as mine regarding what this means (I'm not much of an economic forecaster -- and, as far as I can tell, neither is anyone else!). But it's hard to see it as bad news.