Try digitalPLUS for 10 days for only $0.99

Unemployment Rate

The U.S. economy is still missing 2.7 million jobs

The following editorial appears on Bloomberg View: If the U.S. Federal Reserve is looking for reasons to increase interest rates sooner rather than later, it won't find many in the latest employment numbers. The economy is still millions of jobs short of where it should be. The Labor Department's employment report for September suggests that turmoil in global financial markets may have taken a toll on the U.S. recovery. Nonfarm employers added an estimated 142,000 jobs, bringing the three-month average to 167,000 -- the slowest pace of growth since 2012. The separate household survey, which polls more than 100,000 individuals, actually shows a drop in employment: The...