This so-called jobs report has been of great interest to the public in the years following the recession. After all, the unemployment rate hit a nearly 30-year high in 2009 and, since that point, the economy has added jobs at slower pace than during any economic recovery in recent memory. During the run up to the 2012 elections, the report had major political implications, as political analysts repeatedly told us that the unemployment rate was an important indicator of President Obama’s reelection chances.
But between the 2012 elections and today, a funny thing has happened: the jobs market has more or less recovered by conventional measures.
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