2 ms·
Labor force participation rate is below pre pandemic levels, not above. 63.4 in February of 2020, 62.2 in June. https://fred.stlouisfed.org/series/CIVPART http
by rufus_foreman 4y ago
Labor force participation rate is below pre pandemic levels, not above. 63.4 in February of 2020, 62.2 in June.
https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART
Real wages are declining not growing. $393/week median in Q2 2020, $362/week in Q4 2021.
https://fred.stlouisfed.org/series/LES1252881600Q https://fred.stlouisfed.org/series/LES1252881600Q
Number of job openings are declining after peaking in March. 11,855,000 in March, 11,254,000 in May.
https://fred.stlouisfed.org/series/JTSJOL https://fred.stlouisfed.org/series/JTSJOL
Gas prices went from $1.94 a gallon in May of 2020 to $5.03 in June of last month.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=e...
Yes, prices might have come down slightly since June. But overall, the statistics you cite are all trending negative.