gobirds13 t1_it6wpo5 wrote on October 21, 2022 at 11:27 AM

Reply to comment by DutchApplePie75 in Update : No more avocados left in FDR park. Give away has been canceled by timbrelyn

The unemployment rate is currently at a decades-long low.

DutchApplePie75 t1_it7dspb wrote on October 21, 2022 at 1:55 PM

The unemployment rate doesn’t track people who have dropped out of the labor market altogether (they’re known as “disgruntled workers” and don’t get counted in the unemployment rate) and inflation is soaring along with interest rates.

The Biden administration also changed the definition of “recession” in order to cynically avoid negative headlines. These are not marks of a healthy economy.

marxistbot t1_it7ztaq wrote on October 21, 2022 at 4:24 PM

They’re called “discouraged workers” ya corny ass, and when they are included we’re still near a 10 year low https://fred.stlouisfed.org/series/U4RATENSA