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by thoughtstheseus
1262 days ago
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There are structural reasons why Unemployment will remain low in the US. One, Covid deaths plus Covid retirements(boomer cohort that had assets to retire), educational delays from poor schooling practices, low immigration have all created a labor shortage of ~3 million in the U.S. that’s a figure based on 2019 labor projections vs 2022 estimates. Recession is a consumption definition. Nothing more |
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