NPR News

Today's Planet Money indicator is 4.55 percent. The Federal Reserve said just this afternoon that the American economy is at full employment when the unemployment rate is 4.55 percent.

The Fed updates this estimate every few months. And for years, it's been getting the number wrong.

Today on the show, what is full employment, why is it so hard to pin down, and most importantly, are we there yet?

Schools across the country are nervously watching to see if the Federal Communications Commission chooses to repeal Obama-era regulations that protect an open internet, often referred to as "net neutrality."

The 2015 rules are meant to prevent internet providers, such as Comcast, AT&T and Verizon, from controlling what people can watch and see on the internet. Companies can't block access to any websites or apps, and can't meddle with loading speeds.

In Washington and around the country, Democrats and Republicans are trying to make sense of Doug Jones' stunning upset in the Alabama Senate race.

Jones' victory in a state that hadn't sent a Democrat to Washington in almost 30 years was even more shocking than when Republican Scott Brown won the late Ted Kennedy's seat in a Massachusetts special election in 2010.

Here are 5 takeaways from Tuesday's political earthquake:

1. The blue wave looks real

It has been called antiquated and even insulting.

But back in 1900, "Negro" was considered modern — a term that could replace a flawed set of categories used to classify people of African descent for the U.S. census.

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