3 ms·
U.S. unemployment is ~3x higher now than in 2007. A more important statistic is underemployment, and that's still high. And this includes part-time workers who
by cmurf 12y ago
U.S. unemployment is ~3x higher now than in 2007. A more important statistic is underemployment, and that's still high. And this includes part-time workers who can't find full time employment. While job growth is slightly positive overall it's extremely misleading for two reasons: a.) wages are flat to negative, b.) the grow is geographically disproportionate with more than 1/2 of U.S. states seeing negative job growth. Most of the gains have come in oil fracking boom states. That's a bubble about to pop due to downward pressure in oil prices, and New York state is just one of the first likely to ban the practice. So the state of employment in the U.S. is actually dismal.