Opinion: The myth of the tight U.S. labor market

WHILE THE LOW JOBLESS RATE has grabbed headlines, a more clear look at the state of the economy gives a lot of reasons to doubt how well it is doing. / GETTY IMAGES/DREW ANGERER
WHILE THE LOW JOBLESS RATE has grabbed headlines, a more clear look at the state of the economy gives a lot of reasons to doubt how well it is doing. / GETTY IMAGES/DREW ANGERER
NEW YORK – As the U.S. election cycle gets underway, expect much debate over just how strong the economy really is after becoming the longest uninterrupted expansion in America’s history. After all, the jobless rate is at a half-century low and the Standard & Poor’s 500 index is at a record high. The bond market,…

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