Posted on 07/01/2015 7:05:30 AM PDT by Enlightened1
Federal Reserve Vice Chairman Says Economy Is Nearing “Full Unemployment” …Real Unemployment Closer to 42.9%
Jim Hoft Jun 30th, 2015 5:42 pm 19 Comments
According to the Federal Reserve Bank in St. Louis the labor participation rate is at its lowest point since the Carter years. fred labor part rate
Federal Reserve Vice Chairman Stanley Fischer told a an audience at England’s Oxford University this week that the US economy is nearing “full unemployment.” Reuters reported:
The U.S. economy probably bounced back to an annual growth rate of around 2.5 percent in the second quarter, and the labor market is approaching full employment, Federal Reserve vice chairman Stanley Fischer said on Tuesday.
He said “tentative” signs of wage growth and continued job creation also gave him confidence that U.S. labor markets will continue improving, and gradually push inflation towards the Fed’s 2 percent target.
(Excerpt) Read more at thegatewaypundit.com ...
Lends new meaning to the term “single payer” eh, when everyone’s spending allowance comes from government
Wait a minute, I just read last night the economy took another contraction and we’re on the verge of a “mini-recession” ....albeit on top of the depression we’re already in...
This one BIG F’N LIE!
I do believe he is talking about that new $15 minimum wage...
LOL! More “Ministry of ‘Truth’” semantics.
Full employment or full unemployment? The article says both.
Lies, lies and more lies. Unemployment is well above 20%. Evil reigns and barbarians are in charge.
Ahh why not just round it off to 43%?
It’s time for the Fed to start blaming inflation on workers again, instead of currency devaluation caused by the government.
Of course they do not count those who are no longer eligible for unemp comp or have simply quit looking.
The underground economy is, however, flourishing.
So Mr. Federal Reserve Vice Chairman....have you completely stopped all quantitative easing now that we’re at “full employment?”
If not, why not? We are supposed to be all good now aren’t we? When was the last time your “reserve” was audited by a completely outside impartial auditor?
He said “tentative” signs of wage growth and continued job creation also gave him confidence that U.S. labor markets will continue improving, and gradually push inflation towards the Fed’s 2 percent target.
...
Wages are the last thing to go up when the government causes currency devaluation. They do not cause inflation.
In third world countries, everyone from 5 to 90 works every day to make enough to survive.
Here in the US, many people don’t work, but seem to be surviving OK. Some of them even show up every night at popular restaurants and night clubs.
Which society would you rather live in?
Incorrect.
How many 29ers count as employed?
The gaslighting lies are constant and relentless.
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