One Order Of BS For The U.S. Labor Market, Please

The ‘strongest economic system, ever’…

Regardless of a decade-long experiment with record-low rates of interest, regardless of trillions of in deficit financing, and regardless of headline unemployment numbers staying at/close to document lows, the U.S. economic system shouldn’t be in a impolite well being. In actual fact, by two key metrics of the labor drive situations, it’s not even in an honest well being.

Because the chart above clearly exhibits, each by way of interval averages and by way of present stage readings, Employment to Inhabitants Ratio (for civilian inhabitants) has remained at abysmally low ranges, comparable solely to the readings attained again in 1986. In the meantime, labor drive participation fee is trending on the ranges in line with these noticed in 1978.

Dire stuff.

Replace: Here’s a chart exhibiting how the present restoration compares to previous recoveries (trace: poorly):

Editor’s Observe: The abstract bullets for this text have been chosen by Searching for Alpha editors.


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