US unemployment numbers are widely watched by economists, Wall Street and the Federal Reserve for indications of how the country’s labor market and the wider economy is faring. For the past few years, the figures have been heading in the right direction. The unemployment rate has ticked a lower, unemployment claims have fallen, and wage growth is returning.
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However, over the past few months, the standard unemployment rate has been broadly unchanged at 5% despite what would appear to be a...
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