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US job growth hasn't been this strong relative to demographics since the 1950s

Despite what appears to be a healthy pace of job creation in the US, questions remain about the health of the labor market as the labor force participation rate remains low and wage growth remains tepid. High Frequency Economics' Jim O'Sullivan believes the underlying job market is much stronger than what most people give it credit for. In a new research note to clients, he relates job growth to the growth of the potential labor force.
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