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A confused man (Credit: Thinkstock) According to JPMorgan Chief Global Strategist David Kelly, “the measured unemployment rate still likely sharply underestimates the true unemployment rate (as it did in April).” (Image: Thinkstock)

There was quite a surprise last Friday (June 5) from the Bureau of Labor Statistics (BLS), which said the unemployment rate dropped from 14.7% in April to 13.3% in May. 

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