Is unemployment really low? I just watched the Jpowell speech...
They keep saying unemployment is low. No doubt their data however they collect it says so. but what is the ground truth?? I keep hearing about layoffs and my own situation as well weights into it.
Is it only some parts of the economy that is doing well or bad? how is it working out for us?
From my own survey of female friends in tech it is not all that great. Some have left the field for other employment u could say under-employed after layoff. Some have quit the field altogether and had a spouse to lean on or they just got rid of daycare for their kids and cut back on extra curriculars. so essentially no longer lookng for a job.
can we have an informal poll?
edit: Why would anyone down-vote this post?
anyway, if the unemployment numbers are not taking into account real unemployment doesn't it mean the Fed's reading is inaccurate as to what is going on with the economy? how could they not have accounted for this or have they?