let’s do away forever with the silly unemployment statistic (as in today’s 6.7% unemployed). It has no relevance to anything and is a form of disinformation. The labor participation rate is the true story.
And what is the story of the labor participation rate?
According to Zero Hedge, the latest figures show the labor participation rate at 35 year low.
Currently a record 91.8 million Americans are no longer looking for work.