Much of the decline in the US unemployment rate has been due to falling labour participation. Otherwise, the rate would be 8%, not half that at 4%. So it isn't that much of a jobs miracle.@ProfSteveKeen @TheBubbleBubble @jtepper2 pic.twitter.com/p5Ldht35WY— Philip Soos (@PhilipSoos) November 8, 2017
This is why people are not satisfied with the current economy even though the economists seem to think that it is wonderful.
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