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Unemployment Rate Drops, But Picture Not All Rosy

Dec 8, 2012 (Weekend Edition Saturday) — Superstorm Sandy didn't do as much damage as was expected to the nation's employment situation, at least that's what the government's monthly data on the jobs market told us yesterday when it showed the nation's unemployment rate drop to 7.7 percent. Analysts and businesses, however, are already looking past that report to the dangers to jobs from the fiscal cliff.

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John Ydstie

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