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CSPAN3 Key Capitol Hill Hearings June 21, 2016

Appears to have been temporary. Indicators for the Second Quarter have so far pointed to a sizable rebound. This recovery is a key factor supporting the committees expectation that Overall Economic activity will expand at a moderate pace over the next few years. Despite lackluster Economic Growth the job market continued to improve early in the year. During the First Quarter job gains averaged nearly 200,000 per month, just a bit slower than last years pace. And the Unemployment Rate held near 5 even though notably more people were actively looking for work. However, more recently, the pace of improvement in the labor market appears to have slowed markedly. Job gains in april and may are estimated to have ....

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