Jobs Growth Lie! Labor Force CONTRACTED By 600,000 in 2019

I hope you found this one informative. They give us these prepackaged statistics and they only tell you a very limited amount of information. Dig just one layer deeper and suddenly we see a much better picture. What do you think?

There is a perpetual lie that is told to the public: Everything is fine. Do not panic. We got your back. But how many times have the public been misled on health issues, environmental disasters, or even the revolving door. Let’s face it. They’re not going to tell us the truth at face value, ever. We have to piece it all together. And when we do, things start to look real ugly.

 

Table A-15. Alternative measures of labor underutilization

www.bls.gov/news.release/empsit.t15.htm

Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons | FRED | St. Louis Fed

fred.stlouisfed.org/series/U6RATE

What is unemployment? | FRED Blog

fredblog.stlouisfed.org/2017/03/what-is-unemployment/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog

The Myth of the Tight U.S. Labor Market – BNN Bloomberg

www.bnnbloomberg.ca/the-myth-of-the-tight-u-s-labor-market-1.1283104