HEADLINE UNEMPLOYMENT IS
4.0% – pretty good right? The number implies 96% of people are employed. Is this true?
What is this number obscuring?
❌Doesn’t include people that STOPPED LOOKING for work
❌Doesn’t include part time workers that want or need full time employment
Only 4% are unemployed? Where are the 120,000,000 people not in the #labor force?
@shadowstats metric posits that over 1 in 5 Americans are truly unemployed.
These are Great Depression numbers.
Does the #economy seem more understandable through this lens?
