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Well, the game-changing jobs report has come, and the game remains decidedly unchanged. (I’m not just picking on Business Insider here. Bloomberg, for example, asked whether this would be the “most important jobs report ever.” The Wall Street Journal and New York Times were only a bit less breathless.)

The U.S. added 173,000 jobs in August, a bit worse than economists expected but pretty much in line with recent trends. The unemployment rate fell to 5.1 percent, a bit better than economists expected, but pretty much in line with recent trends. The rest of the monthly report from the Bureau of Labor Statistics was similar: positive, but not particularly surprising.

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The job market is getting better: After 59 straight months of job gains, this shouldn’t be a controversial statement. But at a time when Donald Trump is claiming the “real” unemployment rate is 42 percent, it’s worth saying anyway. The unemployment rate is the lowest it has been since April 2008. Broader measures of underemployment are improving as well. And job growth has been impressive: The U.S. is adding jobs at a pace of about 3 million per year. (But while job growth is continuing, it is no longer accelerating.)

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The unemployed are doing better, too: Regular readers know that the government only counts people as unemployed if they’re actively looking for work. That means the unemployment rate can fall for good reasons (people find jobs) or bad ones (people stop looking). Lately, the decline in the unemployment rate has been mostly for good reasons. One in four job-seekers found work last month, the highest job-finding rate of the recovery. And while the month-to-month figures are volatile, the trend has been steadily positive. For much of the recovery, unemployed workers were far more likely to stop looking than to find work; that’s no longer true.

Things are also getting better for the long-term jobless. About 2.2 million Americans have been out of work for more than six months, down nearly 800,000 over the past year. The typical job-seeker has been out of work for 11 weeks, down from a peak of nearly 26 weeks during the recession.

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Wages are rising, but slowly: You may have heard recently that wages are “stagnant.” That isn’t quite true. According to Friday’s report, average hourly earnings in August were 2.2 percent higher than a year earlier; other measures give slightly different numbers, but they all tell a story of wage growth around 2 percent per year, which is faster than the rate of inflation.

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More people are working full time: Jeb Bush wants Americans to work more hours — and they are. The number of people working part time because they couldn’t find full-time work ticked up in August, to 6.5 million, but that’s still 740,000 fewer people than a year earlier. Virtually all the employment growth during the recovery has been full time, and, at long last, the U.S. has as many full-time workers as when the recession began nearly eight years ago.

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Moreover, policies that prevent organized labor from forcing workers to pay union fees have been passed in former union strongholds such as Michigan and Wisconsin. Wages in states with so-called right-to-work laws are 3 percent lower than in other states, according to the Economic Policy Institute.

There are signs of change, however. Mr. Obama has issued several employee-friendly executive orders, including one that enables salaried workers to qualify for more overtime pay. And the president’s appointees on the National Labor Relations Board voted to give workers more bargaining power.

Presidential candidates, mainly Democrats but some Republicans, too, are talking about addressing wage stagnation and income inequality. A recent Gallup poll shows rising support for unions, though the levels remain considerably lower than 40 years ago.

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Originally posted by Tzeentch
Your own article states that the major contributing factor to that number is old people (read: boomers) retiring and no longer wanting/needing to work.

That isn't unemployment. You have to want to work and be unable to get a job in order to be unemployed.

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Originally posted by Time-Immemorial
93 million people unemployed.

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Originally posted by Tzeentch
You'll notice that it does not state anywhere in the article that there are 93 million unemployed people. The article states that there are 93 million people not in the work force, which isn't the same thing.

Because 16 year olds and retired baby boomers aren't classified as "unemployed".