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Not since 1969: US regains ultra-low 3.7 pct. unemployment

The last time the U.S. unemployment rate was roughly as low as the 3.7 percent it is now — December 1969 — the economy was overheating, inflation was spiking and a short recession soon followed. Could that happen again? Probably not anytime soon, most economists say. Yet there are some surprising similarities between today's economy and the ...

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