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Meltdown 101: Which Jobs Reports Tell Full Story?

Stock quotes in this article: ADP  

CHRISTOPHER LEONARD

One week, a federal report says the number of people filing new claims for unemployment insurance has unexpectedly dropped, pointing to a slowdown in layoffs. Good news, right? Maybe not.

Within weeks, another government report says the unemployment rate has climbed. Bad news? Not so fast: Soon a privately issued report says the labor market appears to be strengthening, news that reassures investors and sends stocks higher.

Confused yet? Don't worry — so are some of the nation's leading economists. ...

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