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The article talks about how the Fed chair thinks we might be overestimating jobs and with the number of people I know who are currently struggling to find jobs I would believe that (not engineers, just people that had random jobs). Lots of people I know are out of work right now.

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Why not engineers? I've definitely never had a harder time getting interviews, though obviously anecdotal. Or do you just mean that the scope is larger than software eng?

i think they meant that the people they know having trouble finding jobs are not engineers

Many of my engineering friends happen to work in defense (I'm friends with a lot of aerospace engineers from college) and are now highly specialized engineers on stable and long term projects and happen to be at the forefront of innovation in that space and all have high level security clearances (for some of them I don't really know what they do since it's classified). Though it also could be they just have gotten lucky. My friends I made from hobbies work random and less highly technical jobs and I know a decent amount of people "in between jobs" right now. It's all anecdotal but there's a clear enough pattern that if the chair of the Fed also thinks we're underestimating I think it's very likely we are.

Thanks for clarifying, I wasn't clear on how to interpret!

A few articles I've read note that there are indications that there has been a very strong "low fire, low hire" pattern. So while we don't see mass layoffs, those who are out, are really out.

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