Unemployment hasn't really picked up, and is unlikely to do so, unless the central bank is incompetent. (They have been from time to time.)
However, some advances don't show up in GDP. Eg Wikipedia is a tremendous achievement. But nobody pays for it, so it doesn't show up in GDP statistics.
Unemployment hasn't really picked up, and is unlikely to do so, unless the central bank is incompetent. (They have been from time to time.)
However, some advances don't show up in GDP. Eg Wikipedia is a tremendous achievement. But nobody pays for it, so it doesn't show up in GDP statistics.