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Unemployment rate is lowest since 1969: Is that the whole story?

Are we living in the best economic times since Woodstock was a thing and Neil Armstrong walked on the moon? The jobs report from the Bureau of Labor Statistics offers a clue to the exuberance of politicians and reporters: The 3.7 percent unemployment rate is the lowest since 1969. The U.S. economy added 134,000 non-farm jobs in September, lower than economists’ projections but strong enough to suggest that employers are still finding...