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June’s jobs report shows the economy is recovering, but the nation is still down 7.5 million jobs from over a year ago when the unemployment rate was less than 4%. Today, we are not near that number, and more than 42% of those unemployed have been that way for more than six months. A year ago, that number was 7.1%. Small- and- medium-sized employers are moving cautiously, unable to raise wages without higher consumer prices, which could trigger inflation as well as hurt their business. And the unemployed face higher costs, like details ⇒

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