Unemployment has fallen to 6.7 percent, as the economy created 175,000 new jobs in February. Wonderful.
Not so, says Stanford University business professor Edward Lazear. The jobs picture is actually quite bad, and the net number of jobs has falling.
The problem is the number of hours Americans worked dropped, points out Lazear, a former chairman of the president's Council of Economic Advisers, in an opinion piece for The Wall Street Journal.
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