Congress's Job for the Missing Workers - Bloomberg View
The headline jobs numbers look good. Nonfarm payrolls have grown at an average rate of 228,500 a month this year, reducing the unemployment rate to 5.8 percent in October from 6.7 percent in December. Such indicators, though, cover only those who are working or are actively pursuing a job -- something many have stopped doing. Yes, the Labor Department estimates that the labor force grew by 416,000 workers in October, meaning some of those workers are coming back.
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