Where Unemployment Came From

Today everyone reported that the unemployment rate is at 6.7 percent after employers added 175,000 jobs last month. But where did this economic indicator come from? And how did it come to have so much power over us? Zachary Karabell, author of The Leading Indicators, explains its origins in today’s excerpt.

Don’t forget to join us for a live chat with Karabell at noon today.