To the best of the knowledge of everyone outside of whatever government labor statistics office we're talking about, the statistics are true.
There are many things which can cause individuals, including seemingly large numbers of individuals, to experience prolonged unemployment in a low unemployment job market.
The first is that only people who are enduring prolonged unemployment are going to talk about it. I have a job, a lot of people here have a job, we're not talking about how long we haven't had a job. This is the most likely reason -- self-selection in discussions about being out of work for an extended period.
Other than self-selection issues, there can also be issues with specific sectors of the economy contracting -- the American automobile industry seems to be going through a bit of a contraction at the moment. And as with the first answer, if you are a car builder and car builders are losing jobs, it may look like there aren't a lot of jobs.
And finally -- and this by no means the last possible explanation -- there can be issues with classes of workers having more difficulty due to discrimination, biases of other forms, or just the nature of being a recent graduate with no experience and struggling to find that first open door.
Taken as a whole, the American labor market is currently very tight. There are millions more jobs than potential workers and qualified candidates in fields with job openings should have very little difficulty finding work.
manpreet
Best Answer
2 years ago
Countless people talk about unemployment:
They said they applied hundreds jobs but never received response.
They said they applied about 500 jobs with 3 interviews but still unemployed.
More terrible cases.
But most job statistics tell the unemployment rate is low.
Are the statistics true?