“I’m curious not being American, what is public sentiment in the US? Do they believe the absurd employment numbers that improve quarter by quarter?”
Who is “they”?
No, people do not believe the emp numbers, but as a trader you can not not believe the numbers because the big money believes the numbers. Not really believe, you have act on, act as if you “believe”.
And then again, sometimes hot employment numbers are seen as “signs of a strong economy”. “Let’s buy stocks!” Sometimes, strong employment numbers are signs that labor costs will rise, inflation is heating up, Fed will raise, stocks fall.
Nothing means anything. It is how it is perceived (which is what you asked)
It takes a lot of spidey sense to suss out how the market will react, if that happens to be your focus.
Do they believe the absurd employment numbers that improve quarter by quarter?”...No. The true unemployment figure is (or has been) 33%- 35%.