What the US unemployment rate doesn’t tell you

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The true measure of unemployment depends on who you ask

Photograph: Frederic J Brown/AFP/Getty ImagesPhotograph: Frederic J Brown/AFP/Getty ImagesJust how healthy is the US jobs market? On Friday, the Bureau of Labor Statistics released its latest jobs report, showing that the US added alast 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.

 

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