pegw wrote:
This is a pretty shallow recession. We have the lowest unemployment rate in years. also the shrinkage was 0.9%.
America's economy is in my wheelhouse, not yours.
Unemployment numbers, new businesses opening, existing businesses closing. The methodology of computing has been manipulated by multiple Administrators since 1930's. Since 2008 the greatest methodology adjustments took place in history, now again.
2007-present over 1.2 million small businesses have left the landscape and this number is post New businesses opening.
Using 1929 methodology of computing unemployment, the actual rate was 28%.
Using 1929 methodology to define a "Depression " America entered into a far worse and deeper Depression than "The Great Depression " and we never exited.
Using 1929 unemployment numbers today we rest between 27-29% unemployment
Over 40% of working America's are double and triple counted. 1 part time job= 1 employed, 2 part time jobs = 2 people employed and have 3 part time jobs, now 3 people are employed. Over 98.7% of Jobs since 2020 have not been new jobs, rather job post filled after "P******c " layoffs. Of the remaining 1.3% jobs filled over 80% are government positions, not small businesses.
Each week a percentage of the unemployed receiving unemployment, reach their termination check or last unemployment check under the terms of their State. Still not having a job, now according to methodology of computing "They are no longer reported as unemployed "
A terrific gage how the public is being lied to about "New Jobs Added and Low Unemployment Numbers " is to look at cities and or states recorded numbers of homelessness or displaced without a residence.
The homeless numbers have quadrupled, which is an impossible statistical fact should unemployment be 7% or less. In fact, every major metropolitan city across America, including most every rural county is reporting the highest occupation of emergency shelters in recorded history.
I could add a great deal more details and facts concerning the state of America's economy.
Know this, we're in big trouble. Have passed anything, policies , Federal Reserve intervention, Quantitative easing...nothing can slow the course or path of multiple times higher inflation, than the hyper inflation we now see.