Thursday, November 6, 2014
Century Foundation Releases New Report on Labor Market Recovery
The unemployment rate is improving—at 5.9 percent in October, it is nearly back to its pre-recession norm. Yet a recent poll found that the average American thinks the current rate is 32 percent.
What explains the disconnect between a supposedly improving economy and our belief that things are still pretty terrible?
In a new report released today, TCF’s Mike Cassidy says that part of the problem may be that the unemployment rate is not actually a good measure of the health of the labor market....