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Is unemployment still really low? Job growth was less than it was originaly reported. By a lot. From 1M to just 10K. https://nypost.com/2022/12/22/biden-adm
by starkd 4y ago
Is unemployment still really low?
Job growth was less than it was originaly reported. By a lot. From 1M to just 10K.
https://nypost.com/2022/12/22/biden-administration-overstated-q2-job-growth-by-1-million-philadelphia-fed/ https://nypost.com/2022/12/22/biden-administration-overstate...
- laidoffamazon 4y agoThe fact that this Philadelphia FRED link keeps getting passed along indicates the people passing it along don't really understand it. What exactly is the unemployment rate if it's not ~3.7%?
- prottog 4y agoThe labor force participation rate, for one, still hasn't recovered to pre-pandemic levels, and has been dropping every single month since August.
- laidoffamazon 4y agoRetirements are up. It's not a conspiracy, it's the population pyramid.