America’s economy is wildly confusing right now. Here’s what’s really going on | CNN Business

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New York CNN  — 

Just 10 days ago, anxious markets were freaking out about the US economy, convinced that the recession we’ve avoided for three years was finally happening. It appears to have be a wild overreaction (amplified by some unrelated financial shenanigans) to a single report on the labor market.

The whole episode illustrates the folly of obsessing about a single data point when trying to assess the

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