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Economic Preview: Are we there yet? Full employment draws closer, one jobs report at a time

Bloomberg

Job seekers wait in line to speak with company representatives during a Choice Career Fair event in Seattle in January 2016.

More than seven years into the economic expansion, there’s a final frontier remaining.

Full employment.

Economists, investors and analysts have little agreement on what “full employment” actually is, making it difficult to determine if the economy has reached that point or what additional steps are needed to get there.

Seven and a half years in, it’s also thoroughly hackneyed to say that any one economic indicator is more important than others. But after a quiet holiday lull that followed one of the biggest political upsets in recent history, the January 6 nonfarm payrolls report will certainly command attention.

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