Since the BLS server crashed I haven’t been able to go straight to the horse’s mouth but Business Insider has reproduced the BLS’s employment situation report here. It’s essentially unchanged with the unemployment rate dropping a bit largely on the basis of lower labor force participation. Most commentators are likely to portrary this as either wonderful news or a sign of the apocalypse, depending on partisan affiliation.
The question I would ask is is this good enough? Is this as good as it will get?
It’s essentially unchanged with the unemployment rate dropping a bit largely on the basis of lower labor force participation.
That lower labor force participation has been one of the big stories of this “recovery”. The others are the rise of temporary employment and wage stagnation.
The question I would ask is is this good enough? Is this as good as it will get?
The answers are “No” and “Yes, at least for the medium term (5-10 years)”.