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Don't count any of the hispanic illegals as unemployed. Two million or anyamount. From ZH.... Powell says “Labor market remains extremely tight”“Despite the slowdown in growth the labor market remains extremely tight.” “Although the pace of job gains has slowed over the past year and nominal wage growth has shown some signs of easing, the labor market continues to be out of balance. Labor demand substantially exceeds the supply of available workers and the labor force participation rate has changed little from a year ago.” “Reducing inflation is likely to require a period of below-trend growth and softening of labor market conditions.” ------------------------------------- So, don't believe anything the government says. It is lying about everything that makes them look bad. The Repubicans have been learning all about it from Nancy for the last 20 years. Let's see if they can out do her (and other) lies or not. Believe what the market created stock and commodity charts say. |
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