This from the April 5th Wall Street Journal:
“The U.S. is still unable to sustain what used to be just average rates of growth,” said Paul Ashworth, chief U.S. economist at Capital Economics.
The unemployment rate fell to its lowest level since December 2008, but mainly because about 496,000 people dropped out of the work force. Some 11.7 million workers who wanted a job couldn’t find one last month.
Fewer and fewer people are working. Fewer goods are being produced. This will result in very high inflation due to short supplies and an inadequate workforce in a few years.
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