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What the US unemployment rate doesn't tell you

The Guardian - 10 Oct 2021 12:00
What the US unemployment rate doesn't tell you The true measure of unemployment depends on who you ask Just how healthy is the US jobs market? On Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report, showing that the US added a disappointing 194,000 jobs last month while announcing that the official unemployment rate fell to 4.8%, the lowest it's been since its frightening climb to 14.7% when the Covid-19 pandemic first struck the US. The figures seem somehow disconnected and, for some, September's headline figure is ...
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