An unfruitful jobs recovery rewrites the definition of full employment

(Justin Sullivan / Getty Images)

The jobless rate is at its lowest in seven years, but partly because many are no longer seeking work.

    Latest News

    As referendum looms, Greece struggles to agree on the question

    As referendum looms, Greece struggles to agree on the question

    The country will vote Sunday on a murky proposal that could set its path for decades.

    Fannie, Freddie chiefs get big raises, and lawmakers aren’t happy about it

    Fannie, Freddie chiefs get big raises, and lawmakers aren’t happy about it

    The CEOs of the bailed-out mortgage giants stand to make up to $4 million a year, new filings show.

    Small business hiring stays strong in June

    Small business hiring stays strong in June

    Small business hiring remains a bright spot for the economy, according to new data by payroll processor ADP.

    Main Street Morning: Facebook tweaks its logo for the first time in a decade

    Main Street Morning: Facebook tweaks its logo for the first time in a decade

    Our rundown of news affecting start-ups and small businesses.

    Mortgage rates move higher ahead of holiday weekend

    Mortgage rates move higher ahead of holiday weekend

    The 30-year fixed-rate average reached its highest level of the year, rising to 4.08 percent.

    In Puerto Rico, deepening doubt and confusion about what comes next

    In Puerto Rico, deepening doubt and confusion about what comes next

    Puerto Rico’s economic problems have plagued residents for years, driving an exodus from the island.

    Columnists

    Michelle Singletary

    Michelle Singletary

    Teenage driver needs a payment plan for the damage done

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    Barry Ritholtz

    Barry Ritholtz

    You’re only human: An economist explains how it hurts your portfolio

    As Richard Thaler explains, investors behave against their own interests — but you can outsmart your brain

    Rodney Brooks

    Rodney Brooks

    What age is best to start drawing Social Security benefits? Truth is, it depends.

    Waiting till 70 is often advised due to longer life spans, but sometimes starting sooner makes most sense.

    Allan Sloan

    Allan Sloan

    A strong dollar cuts U.S. firms’ value but makes them look more profitable

    In the strange world of accounting, the currency’s strength is slicing both ways for American companies.

    Thomas Heath

    Thomas Heath

    The Boland family has a pretty hot — and sticky — business

    The family that brought A/C to Washington wants to manage your energy, too.

    Market News

    US stocks slip on mixed US jobs report, Greek fears

    US stocks slip on mixed US jobs report, Greek fears

    Stocks ended a tumultuous trading week with slight losses Thursday as investors sought safety ahead of an extended holiday weekend.

    Wonkblog

    FDA approves Theranos’ $9 finger stick blood test for herpes

    FDA approves Theranos’ $9 finger stick blood test for herpes

    Theranos announced that the FDA had approved the test for herpes simplex 1 virus.

    4% unemployment might be
    the new 5% unemployment

    4% unemployment might be <br>the new 5% unemployment

    In other words, the current unemployment rate of 5.3 percent isn’t as good as it seems.

    U.S. added 223,000 jobs in June; jobless rate fell to 5.3%

    U.S. added 223,000 jobs in June; jobless rate fell to 5.3%

    The report comes as the U.S. appeared to brush off an early-year slowdown that stemmed in part from a port strike, a strong dollar and a nasty winter.

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    On Leadership

    Of summer’s 35 expected blockbusters, only two are directed by women

    Of summer’s 35 expected blockbusters, only two are directed by women

    The number of women directing Hollywood’s biggest films, already low, has gotten even worse in recent years.

    Katy Perry: ‘There is no shame in being a boss’

    Katy Perry: ‘There is no shame in being a boss’

    Looking for a little professional inspiration?

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    Get There

    The secret to higher credit scores: Start in kindergarten

    The secret to higher credit scores: Start in kindergarten

    Young people will establish better money habits if the lessons start early and if they have actual cash in hand, an advisory council finds.

    How ordinary bond investors would be hurt by a default in Puerto Rico

    How ordinary bond investors would be hurt by a default in Puerto Rico

    Most fund firms have been scaling back from Puerto Rican bonds but some managers are making big bets. Retail investors should know where they stand.

    The Switch

    The rise of niche video streaming: Even Lifetime movies have their own service now

    The rise of niche video streaming: Even Lifetime movies have their own service now

    Lifetime Movies have their own paid app now -- but so does “Sesame Street.”

    Here’s what people expect from the next iPhone

    Here’s what people expect from the next iPhone

    These aren’t nearly as far-fetched as they have been in years past, but rumors should always be taken with a grain or two of salt.

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