Those waiting for the Federal Reserve to take new action might do better to watch the inflation rate than the jobs numbers.
Author: By BINYAMIN APPELBAUM
What the Jobs Report Means for the Fed
The Federal Reserve is the only plausible source of significant government action to bolster the economy in the foreseeable future. Will it decide to take action?
Unemployment, Beyond the Rate
By a broad measure of unemployment, including discouraged and underemployed workers, 23 million Americans are looking for jobs.
Hour by Hour, a Measure of Economic Stress
The decline in production workers’ hours makes clear the depth of the economic downturn.