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Whitelaw and Sons Real Estate Morgan Hill
Whitelaw and Sons Real Estate Morgan Hill
Unemployment The Real Numbers

Written by Robert Whitelaw, Realtor®/Broker/Owner

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate from Palo Alto to Gilroy and Los Gatos - and beyond! Robert rates his success on providing the highest level of value to his clients.

August 15, 2022

Why am I not surprised that while the media suggests the latest unemployment numbers are good news…. it’s actually not.

We actually LOST full time jobs.

That’s right, in terms of full time white collar jobs – we LOST a bunch of those.

A surge in part-time jobs is not something to celebrate.

Becoming a home owner is not facilitated by part time jobs.

Plus the people we do not count.

The participation rate matters.

We don’t count those who are not actively looking for a job, even if they want one.

Way fewer people in “The Workforce”.

There are 623,000 fewer people in the workforce now than were in it in February 2020.

Links:

https://www.forbes.com/sites/jackkelly/2022/08/09/over-half-a-million-jobs-were-created-last-month-heres-the-catch/

 

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