The US unemployment rate in April was recorded at 4.3%, has the US labor market really "bottomed out and rebounded"?

The April unemployment rate of 4.3% has made Wall Street very excited~
But this number is obviously somewhat manipulated~
What you haven't seen:
Hidden unemployment —> Some job seekers, after repeatedly hitting walls, give up and withdraw from the labor market, no longer looking for work, and are not counted as unemployed. If participation rate remains at 2024 levels, the actual unemployment rate may have already approached 5.3~
U-6 broad unemployment rate —> rose to 8.2%, hitting a new high this year, reflecting a significant increase in the number of people forced into part-time work due to economic reasons (an increase of 445k in April), which is usually a leading indicator of economic weakness~
To put it simply: it’s not that the job market has improved, but that more and more people are giving up trying~
This pattern has occurred twice in history—
Before the 2008 financial crisis, and before the 2020 pandemic shock—each time U-6 hit a new high, the actual recession confirmation was no more than two quarters away~
Official unemployment rate is like a display in the showcase, U-6 is the real situation behind the scenes~
Numbers can be manipulated, but trends do not lie~
#美国就业 #Unemployment Rate #经济衰退 #Labor Market