Century Foundation Releases New Report on Labor Market Recovery

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....
 
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