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Authorized for public release by the FOMC Secretariat on 02/09/2018 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DIVISION OF RESEARCH AND STATISTICS Date: November 30, 2012 To: Federal Open Market Committee From: William Wascher Subject: Background Memo on Assessing Conditions in the Labor Market We are distributing the attached memo, “Assessing Conditions in the Labor Market,” as background for the upcoming FOMC meeting. Page 1 of 1