Regan: "Good" March jobs report may not be so good

March 31, 2015 7:42 PM

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The markets are gearing up for the all-important jobs report due out Friday. The report will likely show that last month the economy, once again, added hundreds of thousands of jobs. It's also expected to reveal the rate of U.S. unemployment to be in the seemingly impressive 5% range. Good news? Not so fast.

The headline unemployment rate doesn't take into consideration the millions of people working part time who really want to work full time, nor does it reflect the millions of Americans who have simply given up looking for jobs. Most important, the unemployment rate doesn't tell us anything about the...

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