The unemployment rate is improving—at 5.9 percent in October, it is nearly back to its pre-recession norm. Yet a recent poll found that the average American thinks the current rate is 32 percent. The Century Foundation’s Mike Cassidy explains that part of the problem may be that the unemployment rate is not actually a good measure of the health of the labor market. This report looks at four underappreciated weaknesses in today's labor market.
Introductory chapter of a volume on socioeconomic affirmative action from The Century Foundation and Lumina Foundation. Full book is downloadable from the introduction.