Why doesn't 4.9% unemployment feel great?

by Heather Long   @byHeatherLong February 6, 2016 | http://money.cnn.com/2016/02/06/news/economy/obama-us-jobs/

The U.S. unemployment rate just fell below 5% for the first time since 2008. Normally, this would merit a celebration. But these aren't normal times.

The economy is better than it was in the Great Recession, but not even President Obama is ready to declare it's booming.
In a special speech Friday touting the job gains during his presidency, Obama admitted there's more "to tackle."
"We should be proud of the progress we've made...we've recovered from the worst economic crisis since the 1930s," Obama said. He doesn't believe he gets enough credit for creating over 14 million jobs.
People as diverse as Democrat Bernie Sanders and Republican Donald Trump don't put it gently. They claim the "real" unemployment rate is much higher. Sanders calls the economy "rigged," and Trump says the U.S. never wins anymore.
The political jabs reflect the mood of the nation, even if the allegations aren't fully supported by data.
There are three key reasons why everyone from Main Street to Wall Street isn't cheering 4.9% unemployment. http://money.cnn.com/2016/02/06/news/economy/obama-us-jobs/