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The US employment rate is so high that the risk of being long-term unemployed is pretty low, outside some special groups and places (e.g. coal miners, coal town
by robotresearcher 9y ago
The US employment rate is so high that the risk of being long-term unemployed is pretty low, outside some special groups and places (e.g. coal miners, coal towns).
Interest rates are also historically low.
Thus the effective discount rate on money is super low. It's a good time to take a European vacation, particularly when you are young and child free. It's gonna cost a lot more later, and you might be less secure, not more.
- jdietrich 9y agoThe unemployment figures are mostly a fiction. The true rate of joblessness has been concealed by the huge increase in SSDI claimants, discouraged workers, people in involuntary self-employment and underemployed workers in part-time or casual jobs. There's a vast disparity between the number of people who officially count as unemployed and the number of people who want a full-time job but can't get one.