I get all of that, but they need to also include the people that literally have given up and decided to either collect unemployment until it runs out or just live with someone because jobs are just not available to them, the poor shmucks that join the military part time, even though they are employed for a brief period of time, and the people scamming the system and collecting Welfare.If you're not employed and not trying to change that, they don't count you as unemployed. This keeps retirees, stay-at-home parents, people in school, and the disabled out of the bin (can you imagine what the unemployment number at any given time under any given economic conditions would look like if it included students and retirees, especially now that the Boomers are retiring??).
Yeah you can get a read on what is going on in general terms, but really those low rate fluctuations are meaningless and are within the margins of error.
Pick a number that suits you today regarding the number of unemployed or the percent of unemployed or the job rate. Are any of those numbers pleasing if you have been on hard times and can't feed the family or adequately shelter them?
Are those numbers pleasing at all? The numbers sucked 6 years ago, 5 years ago, 4 years ago and they suck today. I don't care who caused what. The numbers suck for someone trying to live in the US in today's world.
That's what I got out of the report.