Posted: January 14, 2014 at 3:40 a.m.
Friday’s U.S. unemployment figures were surprisingly bad. Only 74,000 jobs were added to payrolls in December, barely half what analysts had expected. The news was a reminder of how far from normal the economy still is—and of how tricky it will be for Janet Yellen, who’s about to take over as chairman of the Federal Reserve, to explain the central bank’s policy.
This story is only available from our archives.
Editorial, Pages 14 on 01/14/2014