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Read and summarize the paper WHY THE UNEMPLOYMENT RATE IS NO LONGER A RELIABLE GAUGE OF LABOUR MARKET PERFORMANCE. Format: Identify the main idea or

Read and summarize the paper "WHY THE UNEMPLOYMENT RATE IS NO LONGER A RELIABLE GAUGE OF LABOUR MARKET PERFORMANCE".

Format:

Identify the main idea or theme of the paper. In your summary make sure to explain why the unemployment rate is less reflective of the overall labour market performance. Also make sure to discuss which other indicator will be a better measure of labour market performance.

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