The Unemployment Rate Has Been Left Even Lonelier

In other words, a consistent picture emerges about the nature of Euro$ #4 – in the US economy, in the US labor market. There’s more evidence piling up for a profound change or inflection point rather than continued mild support for the mainstream, Jay Powell view. Given how the headline payroll reports have gone of late, the unemployment rate maybe now really is the loneliest of numbers.

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Moon Kil Woong 6 days ago Contributor's comment

Rather than watch this we should look at 2 things, total employment percentages and average income minus anyone making over $500k a year. If you do this you will see if there the economy is floating on increasing core income or decreasing and if Americans are benefiting from growth or not. We are making headway, but I fear it is much slower than people think.

Donald Kaplan 3 days ago Member's comment

Yes.

Terrence Howard 5 days ago Member's comment

Excellent point, Moon Kil Woong.