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AMERICANS are working. But how many of them? The answer to that question can have profound political consequences. Employment was a big issue in the 2004 presidential campaign, as George W. Bush and John Kerry sparred over how many jobs had been created or lost, and how to create more, and better, jobs in the future.
Yet as the contenders traded barbs over outsourcing and tax increases, hardly anyone except for a handful of economists paid much attention to trying to answer the most basic question of all--how many Americans are working right now? It sounds like a simple question, and there are certainly many possible answers floating around in the media, such as ...