I didn’t say it, Jim Clifton, Gallup’s CEO did.
Specifically, he says that he hears all the time that “unemployment is greatly reduced, but the people aren’t feeling it.”
The reason: “The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.” It doesn’t capture the true angst in the job market.
The crux of his argument centers on a “good jobs” metric: the ratio of full-time workers to the total adult population.
That ratio dropped about 5 percentage points during the recession and has recouped only about one of those 5 percentage points.
That’s not good.
Clifton brings those numbers to life in his opinion piece …
The Homa Files 