Commentary
The labor market is nowhere near as strong as it appears. If that sounds surprising, it’s because the absence of millions of Americans from the workforce artificially lowers the unemployment rate.
More Americans Jobless Than Biden Admin’s Official Unemployment Rate Shows
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President Joe Biden speaks at the Eisenhower Executive Office Building about the latest jobs report on Feb. 3, 2023. Chip Somodevilla/Getty Images
By E.J. Antoni
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