| Source | CBS Local |
|---|---|
| Original Load Date | Aug. 21, 2026, 1 p.m. |
| Last Updated | Aug. 21, 2026, 1 p.m. |
| Original URL | https://www.cbsnews.com/chicago/news/functional-unemployment-us-labor-market-analysis/ |
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The U.S. job market is less robust than it looks, according to a new analysis.
The nation's [ unemployment rate fell to 4.1% ][1] in July, well within the
range economists consider healthy. Yet that measure, which reflects the
percentage of people over the age of 16 who don't have a job and who ar...