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Hey readers. Phil Rosen here. As you might guess about a writer, I love to read. 

I've collected hundreds of books over the years, and stacks of paperbacks line the walls of my room. But the most useful knowledge I've learned comes from a very small fraction of those books. 

This is the Pareto principle, more popularly known as the 80-20 rule: Roughly 80% of impact comes from 20% of the causes. 

Good morning. I'm Phil Rosen — still recovering from last night's Succession episode. I'm actually writing to you not far from where HBO films many of the scenes in downtown Manhattan (fingers crossed I show up as an extra this season). 

Speaking of jobs — Friday was a key day for labor-market data. Today we're taking a closer look.