The U.S. unemployment rate — now just 5.1 percent — grabs a lot of the attention each month when the government issues its jobs data. Yet the rate doesn't come close to sketching a full picture of the job market.
It's a hard question to answer in the aftermath of the Great Recession, which produced only a tepid recovery and left damage that still isn't fully repaired. It's why the Federal Reserve has struggled to determine whether to raise interest rates from record lows: If the job market is back to normal,...
Also read: Trump inherits Obama boom
16:32 Employers added solid 178,000 jobs in Nov8
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent13
14:49 Trump warns of ‘retribution’ for companies that offshore jobs, threatening 35 percent tariff13
13:41 Solid Job Growth Strengthens Prospect for a Fed Rate Increase10