this post was submitted on 17 Jun 2025
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United States | News & Politics

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Hard indicators show the economy is relatively healthy on paper: The US added a higher-than-expected number of jobs in May, inflation is getting under control, and the unemployment rate is low.

Unemployment rate is irrelevant. What matters is how much these jobs pay.

1 in 4 Americans is functionally unemployed, i.e. they have a job, but it doesn't pay a living wage.

That's the crisis that the US is currently in.

[–] ianhclark510@lemmy.blahaj.zone 3 points 1 month ago

This hits home, I managed to score a pretty sick job at a tech company and I was just laid off this week, what the hell am I going to do now?