2. I have never trusted the "jobless claims" number as being reflective of true unemployment
I think that many folks are simply "disappeared" when they fall off the rolls. The dirty little secret about future employment growth is the fact that MANY of the new jobs will pay significantly less than the jobs lost. Is it really a good thing for America that an unemployed engineer who used to earn 45k a year is now making 15k or less a year as liquor store clerk?
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