- Joined
- Nov 17, 2015
- Messages
- 13,953
Right, but saying "most of the labor force is working" is true all the time. Even at the highest unemployment in May, that meant 1 in 7 workers were unemployed.
So saying "well 6 out of 7 are working!" isn't good news. When it becomes 19 out of 20 again, it's good.
And remember, high unemployment means low raises. It reverses the recent trend of rising incomes. Low/no bonuses. Fewer options for those still working to jump around and find new/better jobs. etc. etc.
So saying "well 6 out of 7 are working!" isn't good news. When it becomes 19 out of 20 again, it's good.
And remember, high unemployment means low raises. It reverses the recent trend of rising incomes. Low/no bonuses. Fewer options for those still working to jump around and find new/better jobs. etc. etc.