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HomePart-Time America:Unemployment Rate of Little Value
Posted by Larry Doyle on July 14th, 2014 9:30 AM |
If the employment situation in our nation has improved so markedly, then why isn’t our economy growing more rapidly? I mean with an unemployment rate of 6.1%, wouldn’t it make sense that our economy would be generating a higher level of GDP?
If we were to simply rely upon the prognosis of those paid to spew a party line, then yes we should expect that lower unemployment levels would be highly correlated with an increased level of GDP. But when did we start to rely upon the party line to decipher what is truly happening as we navigate the economic landscape?
Not in the past, now, or in the future should we or will we take that tact at Sense on Cents.
So then why hasn’t the admittedly improved rate of the “officially” unemployed correlated to an improved rate of economic growth? A few specific reasons: (more…)
