Still in a funk

Posted: January 16, 2014 at 4:26 a.m.

The U.S. unemployment rate dipped to 6.7 percent in December, stirring considerable joy in Mudville. But before we spend time shouting hurrah, we should bear in mind a few other facts—and recall that not so long ago an unemployment rate of 6.7 percent would have been considered scandalous.

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Editorial, Pages 16 on 01/16/2014