> Ask anyone who has a middle of the road white-collar job how confident they'd be in quitting and getting a new one and they will laugh at you.
Again, I'm not sure what to make of this. That could mean the job market is weak, or it could also just mean that transaction costs are too high (not the same thing), or maybe they're just perceived to be very high and scary. If we instead look at what people actually do instead of what they'd tell you they feel like doing, we arrive at the definition of the unemployment rate - number of people who are looking for a job and can't find one. And that is quite low.
Now I can't say for sure that you're wrong, but I have to say I find the traditional unemployment rate methodology a lot more compelling than your method.