Where_r_my_Keys
Gold Member
- Jan 19, 2014
- 15,272
- 1,848
Time and time again, we hear how we've been in a six year long "ECONOMIC RECOVERY", yet by every standard, the US Economy has not recovered.
In truth, the best defense the Left has to offer against the claim that the US Economy is worse now than in the great depression, is that "THERE ARE NO SOUP LINES!".
Of course, in reality, thus in truth, the modern iteration of "The Soup Lines" are found in the Welfare Checks and YEARS of Unemployment Checks... . All of which leads to people falling out of the work force.
Below is a brilliant analysis of THAT:
In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.
End result: with the civilian employment to population ratio unchanged from last month at 59.3%, one can easily see, on the chart below, why there will be no broad wage growth any time soon, which will merely allow the Fed to engage in its failed policies for a long, long time.
Americans Not In The Labor Force Rise To Record 93 194 000 Zero Hedge
In truth, the best defense the Left has to offer against the claim that the US Economy is worse now than in the great depression, is that "THERE ARE NO SOUP LINES!".
Of course, in reality, thus in truth, the modern iteration of "The Soup Lines" are found in the Welfare Checks and YEARS of Unemployment Checks... . All of which leads to people falling out of the work force.
Below is a brilliant analysis of THAT:
In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.
End result: with the civilian employment to population ratio unchanged from last month at 59.3%, one can easily see, on the chart below, why there will be no broad wage growth any time soon, which will merely allow the Fed to engage in its failed policies for a long, long time.
Americans Not In The Labor Force Rise To Record 93 194 000 Zero Hedge
