A curious thing has happened in the job market since the end of 2017: Even as the economy added millions of jobs, the unemployment rate has barely budged, falling from 4.1% to 4%. One reason for this is that more Americans have entered the job market, taking the labor-force participation rate—the share of people holding or looking for a job—higher. But, unfortunately for investors hoping for a steady unemployment rate that will keep the Federal Reserve off their backs, that isn’t the only factor, points out Robert Barbera,...

Source: Wall Street Journal March 06, 2019 17:15 UTC