American businesses aren't adding jobs at a meaningful pace, with the Labor Department reporting last Friday that nonfarm payrolls increased by only 113,000 in January. Factoring in the 75,000 created in December, the last two months represented the weakest two-month period of job growth in three years, the cold weather notwithstanding. The official unemployment rate did drop a tenth of a percentage point to 6.6%, which is the lowest since October 2008, but that's of little comfort to the millions of Americans who have simply given up looking for a job and the tens of millions that aren't seeing their incomes grow, even as taxes, fees, healthcare costs, heating bills, etcetera, are rising. Disconcertingly, too, factory activity dropped in January...
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