The robust employment growth is just the rebound from the disastrous handling of covid.

jgbtc

https://youtu.be/3uvnmaZOh3Q?si=xnjh93gzrF9o3omg




Bell_curve

here's a quote from the article to illustrate the overall point the author's trying to make:

By more than 2-to-1 (56% to 25%), respondents said the economy had gotten worse rather than gotten better over the past two years. That is difficult to square with robust employment growth, unemployment near its lowest in half a century, or growth in gross domestic product, which actually accelerated last year.

Personally, I have my suspicions about the data.  I also wonder if the supposed strength of the economy simply has to do with importing millions of immigrants and massive government spending.

As stackers should well know, not all spending is productive spending, yet even non-productive spending gets recorded in GDP figures and leads to employment.

econ

Who's more likely to be wrong about the economy? The people or the data?

SimpleStacker

here's a quote from the article to illustrate the overall point the author's trying to make:

> By more than 2-to-1 (56% to 25%), respondents said the economy had gotten worse rather than gotten better over the past two years. That is difficult to square with robust employment growth, unemployment near its lowest in half a century, or growth in gross domestic product, which actually accelerated last year.

Personally, I have my suspicions about the data.  I also wonder if the supposed strength of the economy simply has to do with importing millions of immigrants and massive government spending.  

As stackers should well know, not all spending is productive spending, yet even non-productive spending gets recorded in GDP figures and leads to employment.