America fact of the day
The share of American adults with jobs is stuck at just 58.7 percent.
That is The New Normal. From Binyamin Applebaum, here is more. One additional development is that long-term unemployment is finally declining somewhat. There is also a new result that fewer and fewer women are entering the labor force.
By the way, real average hourly earnings fell in June (pdf), not your grandpa’s economic recovery, is it?