Unemployment numbers also aren’t low because the economy is producing tons of new jobs; notice the record numbers of homeless on the streets? It’s the labor participation rate. People are only counted towards unemployment stats while they are actively seeking employment; after awhile they give up and drop out of the labor force completely.
Of course much of that drop is also demographics; the baby boomers are starting to retire en masse.
Still, the illusion of job abundance does not hold.
Of course much of that drop is also demographics; the baby boomers are starting to retire en masse.
Still, the illusion of job abundance does not hold.