At the height of the recession, one in 10 Americans who wanted to work could not find employment. Since then, the unemployment rate has gradually fallen. Typically, when the unemployment rate goes down, it’s because more people find jobs. In this recession, however, employment rates have been flat. In February, …
The November employment report appeared to be good news. The unemployment rate fell to 7.7 percent, the lowest level since 2009, and the economy created 146,000 jobs. However, a closer reading of the details shows that the labor market is not recovering any faster but instead continuing its long, painful …
