Unemployment is at a 50-year low, and it might drop a lot further
“The headlines write themselves: The unemployment rate has just fallen to an almost 50-year low of 3.6 percent, the economy has now added jobs for a record 103 straight months, and while wage gains are still slightly muted at only 3.2 percent over the past year, the largest of them are at least going to people with the lowest incomes.”