Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: PeterPrinciple
And why is “unemployment” so low? Address that in the article.

Unemployment is low, according to the BLS. The figure we should be concerned about is the labor participation rate. Trump had good unemployment and excellent labor participation prior to the Democrat COVID shutdowns. Biden talks about how good the economy is doing and the millions of jobs he has created. That's complete bullshit, it's just people returning to their jobs. Given vaccine mandates there are some people that will never return. Take the airline industry for instance. They are canceling flights and cutting routes because they don't have enough staff. They are not coming back.

By the way, high employment as little to do with recession. Inflation has a greater impact. High unemployment will follow recession. We are headed for recession as soon as GDP numbers come out in July. Unemployment will begin increasing this autumn. Inflation will be the one thing that will hold fairly steady, unless there is something unexpected like a hurricane in the Gulf of Mexico that shutters oil rigs or Biden tries to something galactically stupid. Everything Biden touches turns to shit.

16 posted on 06/26/2022 3:57:05 PM PDT by ConservativeInPA (Scratch a leftist and you'll find a fascist )
[ Post Reply | Private Reply | To 7 | View Replies ]


To: ConservativeInPA

The figure we should be concerned about is the labor participation rate.


Repeat LOUD and OFTEN..................


17 posted on 06/26/2022 6:50:35 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 16 | View Replies ]

To: ConservativeInPA

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

Folks, here is the labor participation rate


18 posted on 06/26/2022 6:52:55 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson