Pro: Unemployment rate is most misunderstood indicator

Pro: Unemployment rate is most misunderstood indicator
Patrick O’Keefe, CohnReznick Director of Economic Research, looks ahead at the July jobs report and discusses the state of the U.S. labor market. The Wall Street Journal.
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US adds a robust 255K jobs; unemployment stays 4.9 pct.
WASHINGTON (AP) — Employers added a healthy 255,000 jobs last month, a sign of confidence amid sluggish growth that points to a resilient U.S. economy. The Labor Department said Friday that the unemployment rate remained a low 4.9 percent in July.
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