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Must-view: Employment-to-population 25-54

Must-View: Without nominal wage growth of 4%/year or significantly rising inflation, no way I am going to believe that the U.S. economy is in any sense at “full employment” with an essentially zero output gap right now:

Graph Employment Population Ratio 25 54 years FRED St Louis Fed

Just saying. That is all.

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Must-view: Employment-to-population 25-54

March 22, 2016

AUTHORS:

March 22, 2016

AUTHORS:

Factsheet: Is the U.S. economy in a recession, and how does recession dating work?

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon