The labor market can look healthy in a headline while deteriorating underneath. The August jobs report showed payrolls increased by 162,000, while the unemployment rate held at 4.1%, numbers that hardly suggest an economy in trouble. But the Bureau of… The labor market can look healthy in a headline while deteriorating underneath. The August jobs report showed payrolls increased by 162,000, while the unemployment rate held at 4.1%, numbers that hardly suggest an economy in trouble. But the Bureau of Labor Statistics also reported that 1.93 million Americans had been unemployed for at least 27 weeks.
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