[quote=UCGal]If you have a job you probably don’t feel it. If you’ve recently lost your job, you know how few jobs there are out there.
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It also depends on the field that you work on. Many people on this site work for technology companies. For IT people, things are not as bad as the previous “mild” recession after the dotcom bust. It was really hard to find technology jobs at that time while the majority of the America were busy taking out equity from their house ATM so they didn’t feel a thing.