“The civilian labor force participation rate, at 63.9 percent, and the employment-population ratio, at 58.6
percent, edged up over the month. “
These are the most important single statistics as they tell how many people are living off of the labors of those that are working. Doesn’t matter why the nonworkers aren’t working. A bunch aren’t working because they are retired or for other reasons unrelated to the state of the economy.
Also, automation puts people out of work.
The “unemployment rate” fiddle faddles with the definition of who’s “unemployed”.
In the final analysis, a society becomes unhealthy when too few workers are supporting too many nonworkers.
It's working for him as planned then.
Are we incoherent enough to be brought down by a 2nd sucker punch?