Under employment up 21%
People aren't reading the employment data correctly. This CNN article covers the many ways employment data is far worse that what is reported.
The parts that are being missed:
- Under employment rapidly rising.
- The number of people no longer qualifying to be counted is increasing. It says that the broader measure shows that unemployment has increased from 8.1 to 8.9%, huge increase.
- Contract workers skew the numbers. You have a way more contract workers in housing.