America's layoff situation isn't adding up.
Despite what seems to be endless waves of layoffs over the past few months, national employment data has shown that the economy isn't as doomed as it seems. The unemployment rate sat at 3.6% in February, slightly up from January but still near the lowest it's been in five decades. And layoff rates are actually lower than they were in the years proceeding the COVID-19 pandemic, Nick Bunker, economic research director for North America at the Indeed Hiring Lab, recently told Fortune.
It's all painted a much brighter picture than the one that the many layoff posts infiltrating LinkedIn are painting. But data just released by the government reveals that the number of unemployed Americans could be much higher than it seems.
