Is the U.S. in a recession? Many economists think that’s a possibility and by some measurements, it may have already started. But why aren’t people losing their jobs?
Recessions usually come with a dip in economic output and a rise in unemployment. Right now, economic output is falling. But so is unemployment. WSJ’s Jon Hilsenrath has coined it a “jobful downturn.” We look at past recessions and indicators to explain how a recession in 2020 could be very different.
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Want to increase the labor force participation rate? Then stop blackballing anyone with a one-nanosecond employment gap! Companies are NOT hiring. They are only hiring people who have never had a layoff or any kind of employment gap of any duration over their lifetimes. Get rid of this insane first-job-is-your-last mentality and the COVID-layoff folks can finally go back to work and end this recession.
If you are a business owner and can't find workers, you are obviously not an attractive choice for workers – just shut down the shop. Your products are most likely not that hot either.
Ya, people are getting jobs because they stopped everyone from working for a couple years
The stimulous is over. We have passed peak fossil fuel. No more growth in GDP will happen.
Thank you for saying something
pumping stimlulus money to bank accounts both increases cash-on-hand/demand and decreases the need to get a job, because free money woooo. Biden & Democrats drove us straight into the ground with their childish and corrupt monetary policy.
Thing about Boomers is, they have an incredible work ethic. Boomers retiring is going to be an issue because that same work ethic is not something millennial and x'ers are going to pick up the slack for.
Stupid people think that we don’t know. Yeah, we have jobs, but it takes twice and sometimes three times the amount of money to buy the same things of two years ago!
Collapse is coming
Unemployment going down because no one is looking to get back to work.
Twist all the fact and words you want, all you are doing is make the ire towards you greater when reality shows you could have helped, but chose to lie for those corporations that ultimately own you.
At least Liberals ended racism by being racist ….,right?
All workers in all positions should strike until they pay us what we’re owed. Corporations are stealing from us.
Lies ….
In many cities, a person could work 2 of these "Jobs" and still be able to afford to buy a house.
package to food sales will decline drastically while people prepare exponentially more meals.
Grocery store sales are going to be exponentially lower because food prices have risen so sharply.
Yes! It is tooo late!
A crunch, not a crash.
Inflation is a way to get back profits the government denied businesses through lockdowns. I know, because I run a business. There are several factors I can use to quantify increases in prices that disguise it. Im not here to appease those who struggle to afford things. Im here to look after number 1.
So, you're telling me Biden can't do his job. He should be accelerating oil production in America and that would solve most of our problems. If you drill more oil, you lower gas prices and everything goes down in price due to cheaper shipping costs. Larger profit margins mean more payroll for employees.
The unemployment rate is 'falling' because the number is totally baked. There are so many disengaged workers right now that are simply not being counted. They are either living at mom and dads house, shacking up with a bunch of friends or homeless. Look here for how the number is calculated. https://www.bls.gov/cps/cps_htgm.htm
We are living in a time with such an incompetent president that it's like not having a president. He gets up in the morning after a 12 hour sleep with a bowl of oatmeal and a stack of papers set in front of him and they tell him to sign them.
This time consumer they're using credit card.an another bubble