The Jobs of August

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Friday’s blowout jobs report for August reveals a labor market and economy that continue to recover in encouraging fashion… The recovery after the 2008-2009 recession took three years to make this much progress, and the jobless rate was still 8.1% in August 2012…

Our contributor Donald Luskin notes that the number of Americans receiving Social Security disability payments is 9.8 million, one million fewer than in August 2012.