The headline news from the jobs numbers Friday was that unemployment rose to nearly a four-year high in August—that is, higher than it was during the majority of President Joe Biden’s presidency. But that isn’t really new; unemployment has been higher than during most of Biden’s presidency ever since Trump took office. What’s newsworthy is not that the unemployment rate is 4.3 percent (that’s not especially high) but rather that it isn’t significantly higher. Gaining 6,000 July jobs was a

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