Would probably be good news if all the data wasn’t fake. Let’s see, they’ve revised the way inflation is calculated several time, they’ve revised the way GDP is calculated to include nonsense and double counts, they’ve revised downward the size of eligible workforce, they fake or estimate the number of unemployment claims from the states when they don’t report on time (in this computer era?), they use out-dated inaccurate labor surveys in lieu of computerized scientific surveys, etc. And finally, they just change the numbers to suit their story and later adjust them if the deem to do so, generally a year later on a Friday before a holiday weekend.
Consider this. The BLS and Commerce Dept. responsible for these statistics would have been fired long ago in a commercial setting. In fact, many large corporations and industries hire experts to actually generate correct statistics rather than relying on the government .... they’ve got something to gain or lose and cannot depend on nonsense (other than the stock market which is a gambling business not a conventional business).
is it because people are working jobs as independent contractors or other non benefits positions which don’t qualify the worker for unemployment when the job is lost? or they have not worked in the last two years duel to shrinking job market?