and do not forget if it wasn't mentioned unemployment now at a 17 year low....amazing what free enterprise can do
Of all the employment metrics, U6, IMO, is the most useless. I don't know why so many place so much emphasis on it. But the employment picture does appear to be brightening.
Unemployment is at a 17 year low. Great.
With all the new jobs Trump is going to "bring back" and create, who is going to fill them--illegal aliens?
There are job openings out there. There are people getting hired. The fact is there are many, many more people looking for a job, then job openings. I think we need many months of 400,000 jobs created before we even wonder who is going to fill any job and that is simple NOT going to happening. M2 money supply is growing at a rate consistent with an economic slow down.
Some people have trouble with concepts like employment participation rate. Once you stop counting people in a metric, they no longer exist. All those millions of people not included in the U6 metric are just gone with the wind.