Earlier quoted context omitted.
I wouldn't get too excited about that unemployment number. Only ~63% of Americans are even trying to work and a lot of those that are, are under employed. http://cnsnews.com/news/article/ali-meyer/628-labor-force-pa... http://www.zerohedge.com/news/2015-03-06/americans-not-labor...
1) Underemployment is counted in the U-6 measure which has also trended down significantly this year. 2) The workforce participation rate number is meaningless unless you put it into context. How many people would be in the labor force that aren't currently? Is the drop because there was a lot of people retired early after losing their jobs or is it because a lot of young people gave up looking for work? The economic…
It has absolutely nothing to do with the modern definition of underemployment as education majors working as waitresses or CS majors working helpdesks or similar examples of "I was trained for a totally different field paying four times as much, or I was trained to be my bosses bosses boss, but here I am instead with a paycheck lower than some current high school students"
"The economic improvement is undeniable."
Where? Everyone seems agreed its the case for propaganda reasons, although its invariably described as "far away from here" for all personal values of "here". With the usual meaningless weird exceptions for ivy league grads of CS programs in Manhattan and SV that we all know about etc etc.