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What does it feel like to have an economic recovery without new jobs?

That's what Americans may be finding out. Since July, nonfarm payrolls have shrunk by 30,000. Take out hiring in health care, and the rest of the economy has lost almost 200,000 jobs. And the next few months don't look much better. Many economists see only a weak rebound in employment in the first half of 1992 (chart) -- one that won't be enough to bring down the unemployment rate.

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