Benchmark
One of Yellen's Most Important Labor Market Measures Now Looks a Lot Better
Underemployment is coming down fast
U.S. Employment in Oct. Surges by Most This Year
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Federal Reserve officials, including Chair Janet Yellen, have been concerned that the labor-market recovery is leaving some Americans behind. The October jobs report just offered one of the best signs yet that the disenfranchised are being brought into the fold.
The U-3 unemployment rate, the headline jobless number that economists look at first, fell to 5 percent last month, the lowest level since April 2008.