from The Daily Bell:
Employment is still near a 30-year low …The employment-population ratio has barely changed in three years, showing that 58.6% of U.S. adults over age 16 had a job as of April. Forget the unemployment rate. The employment rate – the percentage of adult Americans who hold a job – has barely budged in the past three years. It’s hov-ering near its lowest level in three decades, and it’s unlikely to improve when the Labor Department releases its May jobs report on Friday. – CNN
Dominant Social Theme: The economy is on the rise.
Free-Market Analysis: This is a statistic that just doesn’t budge. Much of the happy talk about high stock markets and rising real estate prices doesn’t affect the basic reality of the US economy: It has nowhere else to go but up, but it is not getting there.
Please follow SGT Report on Twitter & help share the message.