But unemployment is less than 5%!!!!
Or maybe, if we calculated unemployment the same way they did in the 1930’s; it’s actually 25%.
Or, as Donald Trump has pointed out; it’s actually around 40%; if you subtract the Participation Rate from the potential workforce.
A friend of mine in Orange County, CA just told me about the large retail stores that have permanently closed their doors in her area; Home Depot, Vons, Smart & Final, etc. And Macy’s is getting ready to close their doors soon.
The Obama Economy - worse than the Franklin Frickin Roosevelt Economy!!! LOL.
Isn’t that pretty much a low wage/no jobs/section 8 area?
Just curious.
Orange County, CA is actually doing pretty well economically, but it's become a very expensive place. Retail is having a tough time for several reasons, not the least of which is competition from internet sales, primarily Amazon. I'm not so sure that store closures there indicate economic weakness, but it could be that residents are strapped due to the cost of living.