More people dropping out of the workforce.
China however, is truly doing well.
Their numbers now, look like ours did two decades ago...
BEFORE WE SENT OUR JOBS THERE.
Got to run out of people to lay off eventually.
When everyone has been laid off, new unemployment applications will finally zero out.
And so the unemployment rate will become zero.
Ergo, when everyone is unemployed, everyone will be employed.
Makes sense to any reasonable Obaba Govt person.
Could be but thousands and thousands are hired and fired on a daily basis. There is a ton of churn in the job market.
Sorta good news, bad news to a injured person (like in a Muslim bombing)...
The good news: “you have stopped bleeding”, bad news: “you have no more blood” (RIP).