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What’s the Real Unemployment Rate?
On paper, the unemployment rate sits at 4.2% and has remained below 5% for nearly four years. At first glance, the US labor market appears to be in good shape: Companies are still adding more than 100,000 jobs per month, wage growth is healthy, and many individuals are returning to the workforce. Everything is fine [...]
Andrew MoranMay 30, 2025
