Despite falling unemployment, the 2017 economy appears to be leaving a growing number of workers behind.
Take for instance the gap between official joblessness and a much broader rate that includes people who have stopped looking for a job but say they still want one, along with part-time workers who want full-time jobs. Today this broader jobless rate is 8.4%, almost double the official 4.3%. The last time the official rate was this low, in 2001, the broader rate was almost a point lower.
Why it matters: A greater share of Americans are cut off from the work force today than in prior periods of low official unemployment.