3 ms·
Retirement doesn't explain the economy adding 230k jobs. Retirement leads to the same jobs being backfilled. Housing market is a completely different discussio
by jupp0r 4y ago
Retirement doesn't explain the economy adding 230k jobs. Retirement leads to the same jobs being backfilled.
Housing market is a completely different discussion. Interest rates rising of course lead to price drops here.
I'll start worrying about a recession once GDP falls and jobs are eliminated instead of added from the economy.
- abirch 4y agoRetirement explains the low unemployment % since they're no longer part of the workforce. The jobs added are great, especially since we need ~140K additional jobs per month due to the growing US Population. (that number probably dropped due to reduced immigration) Unfortunately I don't work in all sectors of America so even if the GDP goes up to a China-inflated 10% or higher but I'm unemployed, it'll suck.
- jupp0r 4y agoSure but that doesn't mean there will be a recession. Sometimes it's just necessary to switch fields (ie horseshoe makers when automobiles were getting popular).