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Yes very cool. Really puts perspective on things when you see the numbers/breakdowns & who the employers are.
Humanizes things a bit as opposed to just seeing a blanket overall percentage #.
Yes very cool. Really puts perspective on things when you see the numbers/breakdowns & who the employers are.
Humanizes things a bit as opposed to just seeing a blanket overall percentage #.
Someone sent me that when we had the Great Recession with lots of layoffs.
I went and hunted it back down yesterday.
I used to check it every morning when I got to work and got coffee.
Gives you a good overall perspective on the economy...the REAL economy..the one we live in.
Enough data where you can make up your own mind as to what is going on.
That is an anecdotal report. The official barometer of employment comes from the US Bureau of Labor Statistics. The most recent data, from August, showed an unemployment rate of 3.7%. Anything less that 4% is not sustainable and leads to inflation.
As the Fed raises interest rates, you will see business slowing down and you will see layoffs and you will see unemployment rate going up. If you see that, give a cheer - it means the Fed's strategy is working, and inflation will be coming down.
That is an anecdotal report. The official barometer of employment comes from the US Bureau of Labor Statistics. The most recent data, from August, showed an unemployment rate of 3.7%. Anything less that 4% is not sustainable and leads to inflation.
As the Fed raises interest rates, you will see business slowing down and you will see layoffs and you will see unemployment rate going up. If you see that, give a cheer - it means the Fed's strategy is working, and inflation will be coming down.
It's just more data to read. No one is forcing you to look at that link.
Stick with the BLS and their numbers if that makes you happy.
I like to see a variety of reports and data...not all from the FedGov
Except this is exactly what the Fed wanted with their rate increases, a softening of the labor market. If Biden governed like a prepubescent teen with zero attention span, perhaps he can pull a Liz Truss and do something silly like try to cut taxes to stimulate the economy while their central bank is trying to cool it down.
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