First of all the U1 unemployment numbers are bogus. Look at the U6 numbers if you want a better picture of the truth. those show unemployment at 7-8%. Anecdotally, amongst my MBA friends, their unemployment level collectively seems to be about 30%.
If you look at where all the jobs are, it seems to be they're all in low cost, low skill areas: waiting tables, dishwasher, etc.
If you look at where all the jobs are, it seems to be they're all in low cost, low skill areas: waiting tables, dishwasher, etc.