That same day on CNBC, Squawk on the Street host Jim Cramer frowned upon those who would cut back on donations just because they were taking a hit on taxes.

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Just moments after a lackluster jobs report, Alan Krueger, chairman of White House Council of Economic Advisors, told Squawk on the Street Friday morning that the nearly 500, 000 people leaving the job hunt was happening because of demographic shifts.

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