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Everyone (including us) is saying this morning that the U.S. economy gained 163,000 jobs last month. Strictly speaking, this is a lie.

In fact, the U.S. economy actually lost 1.2 million jobs last month.

Ouch.

Actually, The U.S. Lost 1.2 Million Jobs Last Month | via NPR’s Planet Money blog.

Which is still, in my opinion, THE single best place to get financial news you can understand.