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One measure of unemployment suggests Biden’s $1.9 trillion stimulus plan could do more harm than good, sa.. – Business Insider

The labor market has recovered far faster than in past recessions when measuring unemployment with a broader metric, the strategist said.

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The US economy is receiving fresh fiscal support after months of plodding negotiations. But one measure of the labor market suggests the massive stimulus is unnecessary and potentially harmful to future growth, according to James Paulsen, chief investment strategist at The Leuthold Group.
The country is already reaping the benefits of the $900 billion stimulus package signed by President Donald Trump on December 27. President-elect Joe Biden rolled out…

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