Unemployment in April
The official rate is 8.9%, getting close to one person in ten. U6 is 15.8%, more than one person in seven.
The average workweek is now 33 hours.
My own bet is a continuing decline in the economy, as people struggle with lost work, mortgages they can't afford, debt that has to be paid down somehow. This means reduced consumption. You aren't going to buy a new car, when you don't know how to pay for your house.
If consumers aren't buying, then businesses are not going to be investing and will prob
The average workweek is now 33 hours.
My own bet is a continuing decline in the economy, as people struggle with lost work, mortgages they can't afford, debt that has to be paid down somehow. This means reduced consumption. You aren't going to buy a new car, when you don't know how to pay for your house.
If consumers aren't buying, then businesses are not going to be investing and will prob
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