CNN reported that the U.S. economy added “a strong 209,000
jobs” in July of 2017, with the unemployment rate falling to 4.3% to match a
16-year low. Unemployment had peaked at 10% in 2010, after the financial crisis
of 2008. CNN cited many economists as saying that the 4.3% rate was “at or near”
full employment, meaning that the rate would not go down to a significant degree.[1]
Yet even within CNN’s own reporting, we can find reason to doubt this claim.
The full essay is at "When 4.3% Is below Full Employment."
[1]
Patrick Gillespie, “Milestone
for Trump: 1 Million New Jobs in Six Months,” CNN, August 4, 2017.
