I like to look at US employment and unemployment data; what the American media reports is NOT the complete picture ...
Voluntary separations have plummented compared to before The Great Recession.
Precisely ZERO manufacturing jobs were created in April.
US debt / GDP is at record levels, as is unemployment. Does stimulus really work?
The US has spent almost $3T in an effort to create jobs but employment continues to fall. Does stimulus really work?
While America "stimulated" their economy Germany employed austerity. Which nation has a lower unemployment rate?
Unemployment is only falling since people are dropping out of the labor force.
even as unemployment modestly eases, wages grow at historically low rates
By many measures the population to employment ratio more accurately reflects trends ...
Only 63.6% of the potential labour force chooses to participate in "employment", the lowest level since the 1980s.
Jobs growth is slowing, down 20% since January 2012
This simple metric across two recessions indicates The United States now has a structural unemployment problem.
Earnings are increasing slower than the rate of inflation. In other words, those fortunate enough to have a job are losing ground.
Firings soar to highest since 2010 as consumer demand weakens.
Compare jobs growth across two recent US recessions
Unemployment has dropped because part time employment is soaring ...