Takeaway

The Unemployment rate gives crucial clues about economics health, but the full story often requires deeper analysis.

• Underemployment: Workers work fewer weekly hours than the want to or are overqualified.
• Demographic Breakdown: Unemployments affects groups differently (age, education, gender etc.)
• Regional Differences: Some regions may boom while others suffer from recessions.

A low national unemployment rate doesn't guarantee a healthy job market for everyone.