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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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Calendario económico en tiempo real proporcionado por Investing.com España.
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But Friday’s jobs news isn’t all good. The government’s broadest measure of labor underutilization, known as the U-6 rate, jumped to 14.3% in June from 13.8% in May. In addition to measuring the unemployed, the U-6 includes workers such as those who are underemployed and discouraged. Meanwhile, the headline unemployment rate, also known as the U-3, remained at 7.6%. The Federal Reserve has said it would keep rates close to zero while the U-3 rate remains above 6.5%.
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