If the Job Market's So Good, Why Do We Feel So Bad?
Today was Jobs Day, which is weird, because it's not the first Friday of the month. It's the first Thursday of the month, but since tomorrow is a federal holiday — happy 249th birthday, Uncle Sam! — we got the data a day early. Jonathan Levin — and nearly every other Fed-watcher on the planet — was pleasantly surprised by June's unemployment rate of 4.1%, a number that he says is 'just about as good as it gets.'
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