Yeah, the unemployment rate is only 1% above what is considered full employment...
raaaaahhhht...
MrB wrote:
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Yeah, the unemployment rate is only 1% above what is considered full employment...
raaaaahhhht...
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Exactly! How on earth can we be statistically that close to full employement when we have the lowest labor force participation rate since 1978??? And I don’t buy the argument that Baby Boomer retirements are what’s driving down the participation rates. As a matter of fact, there’s TONS of evidence out there that Boomers are actually having to stay in the work force much longer now than previous generations because they simply don’t have enough money saved to sustain retirement.