America Is In Full Employment, So Why Aren't We Celebrating?
U.S. unemployment is at a nearly 50-year low. The jobless rate for Hispanics has never been lower. The past two years have been the best job market ever for African Americans. Shouldn't we be excited?
These are prosperous times in America. The country is plump with jobs. Out of every 100 people who want to work, more than 96 of them have jobs. This is what economists consider full employment.
The economy has grown for almost 10 years, making it one of the longest economic expansions in U.S. history. And over that time, the job market has come back. It grew slowly at first, then steadily, finally reaching a point at which there are many more openings than job seekers.
Unemployment has reached . The jobless rate
