An unemployment rate of 4.7% once meant full employment and rising wages for the laboring class--but alas, now it is just another ginned-up junk-econ/junk-news "statistic" designed to push a bogus narrative: everything is awesome (as the financial security of the bottom 80% swirls the drain).
http://www.oftwominds.com/blogfeb17/junk-news2-17.html
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