A lot of people have been commenting on the poor economy from the US, Canada, UK, etc. Including myself. I see it in the job market. I see it at the company I work for which is has been barely making sales the past 6 months. I see it with the mass layoffs. I even see it with my therapist who lowered his rates, because times are tough.
Yet unemployment isn't high. And we're technically not in a recession, yet many say it feels like we're in one.
Can someone explain that?
Is it that our governments are simply lying about employment numbers?
Why does the economy feel so bad despite lowish unemployment?
byu/thenuttyhazlenut inAskEconomics
Posted by thenuttyhazlenut