24/7 Wall St –  “The U.S. labor market has improved remarkably in recent years, as the unemployment rate has fully returned to pre-recession levels. The national unemployment rate reached 4.7% in December, the same as it was in November 2007, the month before the recession officially began. That recovery, of course, has been far from even. In many U.S. metropolitan areas unemployment is now at or below pre-recession levels, and in some metros it remains 4 or 5 percentage points higher than at the end of 2007. Across the country, unemployment rates vary significantly.”

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