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[-] June@lemm.ee 42 points 1 year ago

Shit like this is why we had the layoffs we say at the beginning of the year. It was all hysteria made up by a bunch of idiots who want a recession for…. Reasons.

The economy is strong, inflation is down overall (though still high), and unemployment has been below 4% for nearly 2 years, something we haven’t seen for more than 20 years.

The recession we’ve seen this year is fake.

[-] boywar3@lemmy.world 16 points 1 year ago

Just remember that low unemployment often means severe "underemployment" as people with degrees and other qualifications are forced to take jobs that pay significantly less.

[-] shasta@lemm.ee 1 points 1 year ago
[-] boywar3@lemmy.world 1 points 1 year ago

Yes, but it still is important to consider when "low unemployment" is touted as the sign of "good times."

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this post was submitted on 17 Oct 2023
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