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Gross Domestic Product is the king of all statistics, across the world, says author Zachary Karabell. But what was a good metric for 1950s economies, he says, is ill suited to measuring economic health in 2014.
Economists and the media use the monthly jobs numbers from the Bureau of Labor Statistics to take the pulse of our economy. But the collection of that data actually grew out of a progressive reform movement to asses the plight…
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