Unemployment rate drops to 4.6%, lowest level since 2007

Unemployment dropped by 0.3 percentage points, to 4.6 percent, last month — the lowest rate since 2007 — according to the monthly jobs report from the Bureau of Labor Statistics.
As NPR’s Marilyn Geewax notes, 4.6 percent unemployment is what most economists consider “full employment” (although employment varies by region and demographic, so the fruits of full employment aren’t shared by all).
The report wasn’t all good news: Wages dropped slightly in No