What the unemployment rate does – and doesn’t – say about the economy

The unemployment rate gets most of the attention, but the monthly jobs report contains lots of other data that can provide a fuller picture of the economy.
Simply being out of work isn’t enough for a person to be counted as unemployed; he or she also has to be available to work and actively looking for work (or on temporary layoff). In any given month, the unemployment rate can rise or fall based not just on how many people find or lose jobs, but on how many join or leave the active labor force.
For the full story, click here.