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Tim Iacono

Though it’s cousin “fugly” has yet to make an appearance, “ugly” seems to be the operative word for those writing headlines associated with this morning’s labor report:

Even uglier (or so it would seem) is the long-term trend in long-term unemployment as charted by Reuters in this story over at FT Alphaville:

In an informal survey, the phrase “unmitigated disaster” ranked a close second to ugly – for both this morning’s June payrolls and the dismal multi-decade trend shown above.

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