An Economist On The ‘Miserable 21st Century’

The U.S. unemployment rate is 4.8 percent. It was 9.3 percent when President Obama took office just over eight years ago. Many news and political analysts have wondered why so many Americans have sounded so angry and despondent when they talk about the economy. The stock market is up, too. Some economists say 4.8 percent is close to full employment.