Yep. George Carlin had it right.
Posted on 03/22/2023 11:43:43 AM PDT by ChicagoConservative27
Federal Reserve officials expect the unemployment rate to reach 4.5 percent by the end of 2023 as interest rate hikes slow the economy, according to projections released Wednesday.
That’s an uptick from the current 3.6 percent unemployment rate, indicating that Fed officials predict that millions of Americans could lose their jobs this year as the U.S. economy grapples with higher interest rates and the aftereffects of a banking crisis.
However, the jobless figure is lower than the Fed’s 4.6 percent estimate released in December.
The Federal Open Market Committee (FOMC) released its projections after the panel agreed to increase interest rates by 0.25 percent to a range of 4.75 to 5 percent, in an effort to combat the persistent inflation. Price growth remained stubbornly high at a 6 percent annual rate in February, according to the Labor Department’s consumer price index (CPI).
(Excerpt) Read more at thehill.com ...
It would be much higher if the people who had left the job market are factored in.
They lie and they’ll lie again to feed the public the numbers they generate. Never forget, government is corrupt and in the business of destroying this country.
“”It would be much higher if the people who had left the job market are factored in.””
I thought they were all coding.
C’mon Man!
FJB
Try getting a plumber in my part of Florida.
Doctor appointments can be months out.
One plumbing firm in my area charges $255/hour.
I stopped at a national chain restaurant a few weeks back. The sign at the drive-thru said “We can’t get people to work full time. The people serving you are temps, and they don’t know the ropes. Please be patient with them, or we won’t have anyone to keep the restaurant open.”
My neighbor says her nephew the roofing contractor will be a multimillionaire thanks to Ian.
Simple solution - PAY MORE.
We got quoted $1500 to install a sink! Yeah, no thanks. A lot of folks here don’t want to hear good news because Brandon stole the election but most middle class people doing just fine now. Inflation and gas prices at this point are nothing more than an inconvenience.
Yep. George Carlin had it right.
I agree. Much higher.
PAY MORE
That will work as long as customers are willing to pay more, too.
When meat prices go up do they pay more? When the cost of rent goes up, do they pay more? Labor is not special, it is a cost like anything else.
The current rate “reported” isn’t correct.
MANGLED MATH everywhere.
I say it could be 10% by end of 2023.
I could pay $100 an hour-—but I NEVER found a single person who could do as much bookkeeping as I could do as accurately as I could do BY MYSELF.
We recently visited a town we go to once or twice a year. Of the 20 local restaurants, there were 2 left. One is a McDonalds.
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