As the Bureau of Labor Statistics would have it, the job market is practically back to its old self again, with official unemployment down below 7% for the first time since the depression began in 2008. As the BLS would have it, if you are unemployed but have given up looking, you're actually not unemployed! Congrats!
But, of course, there are lies, damned lies, and statistics, and the chart below shows you what's really going on.
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So, really, 42% of us are unemployed, and 11% are working part time.
ReplyDeleteNo, none of us are unemployed. Some of us choose to work right now and the rest are just resting right now.
ReplyDelete