11-06-2020, 04:40 PM
I think it is equally important to consider how "bogus" these unemployment numbers actually are. Since "discouraged" workers are not included in these figures, people who give up looking just disappear. There are lots more of these people out there than there were 20 years ago. There a even more today than there were a year ago. These numbers also don't include people who retired because they had no reasonable hope of finding a job. These numbers don't include people who are "students" because there are no jobs and they hope by obtaining a new skill they can find employment. "Real" unemployment is much higher than 7%.