Nonsequitur: Unemployment Under 5%

February 5, 2016

The Bureau of Labor Statistics reports that unemployment is at 4.9%.  That is the lowest it has been for a long time.  However, 2.1 million people are still classified as “long term unemployed,” and 6 million people are still employed part-time for economic reasons (meaning they want to work full-time but can’t find a full-time job).  The labor force participation rate is still at 62.7 percent.

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