by Chris Black
There are lies, damn’ lies and statistics.
“The US is now at full employment.”
“Inflation is ‘only’ 6%.”
“Vaccines are safe and effective.”
“Biden got 81 million voters.”
If you only count people working as being in the labour force, you can always be at full employment.
What happened to the 50 million who fell off the Unemployment Rolls?? When the Labour Participation rate is below 62%, how can the US possibly be at “full employment”?
Dear God man, use a brain cell.
By the way, if anyone tells you the US is at full employment, remind them that the labor force participation rate is at a 44-year low. Tens of millions of Americans have simply dropped out of the job market. pic.twitter.com/nfCFUSz9So
— Daniel Denning (@danielKdenning) December 10, 2021
And Just Like That, Inflation Is About To Disappear? t.co/e4luso2maO
— zerohedge (@zerohedge) December 10, 2021