> Does your analysis account for quality of jobs available?
I was responding to a claim that the government should have focussed on "creating jobs". In that context, the employment-unemployment line seemed most significant.
Real wages have been rising for a decade, so the central tendency for employed persons is better than it used to be (or than it was pre-crisis). There is still unemployment, particularly among the undereducated [1]. But from an average worker's perspective, it's one of the best economies we've seen in years.
I was responding to a claim that the government should have focussed on "creating jobs". In that context, the employment-unemployment line seemed most significant.
Real wages have been rising for a decade, so the central tendency for employed persons is better than it used to be (or than it was pre-crisis). There is still unemployment, particularly among the undereducated [1]. But from an average worker's perspective, it's one of the best economies we've seen in years.
[1] https://www.bls.gov/cps/cpsaat07.pdf