Unemployment at 4.7%: Are you happy?

Q: At 4.7 percent unemployment, is San Diego County truly at full employment?

Bob’s Answer:  No.

A more encompassing measure of unemployment includes those who have left the workforce, the underemployed, discouraged workers and others who haven’t applied in the past four weeks. Further, the “sharing” economy does not provide a head of household with a decent living that includes benefits. The economy is not as robust as it could be and quality jobs are not easy to find. Much work is ahead given the headwinds of the global economy.

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