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"The unemployment rate has specific limitations. It can't differentiate between full-time and part-time jobs. It doesn't account for people who are underemployed, or working in jobs for which they are overqualified because they can't find a good job. It won't tell you how many people have become so discouraged in their job search that they have given up hope of finding a job. "

How Is The Unemployment Rate Calculated?
BY KATE KAHLE, RESEARCH ANALYST
Re-published from Main Street Montana Winter 2002
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Nobody said "none of of us had jobs" but maybe we don't have good jobs.

Here is an example, I met a man working as a replacement cashier at Albertsons in SoCal. His previous job? Regional sales manager for a Mktg. firm with about 27 direct reports and a fairly good income including benefits.
Today he is scanning frozen peas and six packs.

Does he have a job? Yes. Does that job suck and is it a financial dead end? Also, yes.

Is this the end of his life? Probably not.

Don't be so eager to proclaim the great employment numbers when the jobs that do remain are ones that you would never aspire your children to be stuck in.

[cajungirl]

Your reply has virtually no meaning. Sure the employment rate doesn't take into account all those factors you mentioned but neither do you other than in a personal story which is not evidence. Only propaganda. And you joined up Oct 27 this year,,,did you join to talk about how bad the economy is and how everything is going to hell. In your initial post to me you opined that noone would have good enough jobs to buy things or something to that effect. That is patently false and propoganda. People are buying like crazy or haven't you noticed?