For all the jobs “added” we sure seem to stay around 450,000 weekly unemployment claims. I’d like to see IRS figures on just how many people have W-2/1099 wages reported every month. I have no doubt it continues to decline every month.
Even if it doesn’t actually decline the effect is the same, we have more young people every month looking for their first job and not finding it. There are more unemployed college graduates now than unemployed high school dropouts.