Originally Published at TheNewYorkTimes.com
Trying to solve an economic mystery.
By Ernie Tedeschi
Lots of measures are telling us that the United States labor market is doing well. In some cases, very well.
Most prominently, the unemployment rate has fallen steadily over the last nine years. It dipped to 3.7 percent in September, and it has averaged 4 percent over the past year, the same as it did at the economic peak just before the 2001 recession.
