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by late2part 2896 days ago
I don't think unemployment is at an all time low. The media says this and the government reports say this, but the methodology for calculating this is subjective.

These statistics suggest that unemployment is at 25%: http://www.shadowstats.com/alternate_data/unemployment-chart...

This article explains some concerns about the manner in which the rate is calculated: https://qz.com/877432/the-us-unemployment-rate-measure-is-de...

"Yet to leave this group out significantly underestimates employment issues in the US. For example, the unemployment rate completely ignores the nearly 600,000 “discouraged workers” who say they are no longer looking because they don’t think they can find a job. It disregards the many students who would like a part-time job but have given up looking, and caretakers who would take a job if the compensation was high enough."