More Needs to be Done to Help the Working Class
When the Labor Department released its latest snapshot of the unemployment rate last week, most people sat up and took notice. It’s hard not to note that the unemployment rate of 3.9% is the lowest it has been since 2000, which is a sign that the job market has become even more competitive.
While that number is no doubt positive – as it marks the continuing improvement of the economy – it falls short for us as a cause to celebrate just yet. There remain too many people on the side lines of employment, and even among those working in the tightest labor market in a generation, many are still seeing small wage hikes.