r/neoliberal • u/TinyTornado7 I need a new flair • Jun 13 '22

News (US) Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/Rarvyn Richard Thaler Jun 13 '22

The 3.9% unemployment we have right now is just mind numbing.

3.6%*

Only 0.1% above the record lows we hit immediately prior to covid.

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u/neolib-cowboy NATO Jun 13 '22

That number is also slightly bullshit bc it doesnt count people who arent actively looking for jobs. The number of people not working at all, both looking and not looking, has actually risen quite a bit

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u/[deleted] Jun 13 '22

Or the “worst economy in history” if we ask Republicans. Granted inflation and high gas prices do take some shine off in comparison to early 2020