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Unemployment numbers today are not an accurate account of the job situation.
Oh, there are so many aspects to these numbers. Only by looking at BLS website can you begin to fathom what the 'real' numbers are. For instance, we now have a record 24 million part-time jobs. Yes, there is some percentage of people who want part-time, but I seriously doubt there is a record demand for those jobs. We don't count so many people coming 'online' for the first time looking for jobs --- we keep graduating young people who have no hope of a real job, full time, benes, decent salary.
Anyway, the real story (to me) is as I stated --- I see absolutely no light-at-the-end-of-the-tunnel based on lack of any legislation or implementable ideas to reverse the situation. We're in a spiral as we have so many people with little to no income who cannot consume, going forward.