Originally Posted by
Tucknroll
The economy is 1.1% larger than it was pre-covid
Employment is at 4.9% which is the lowest it’s been in a decade. Participation rate is stable.
GDP is up 1.8% for the first quarter of 2021
Never mind that pesky $160-something budget deficit. Someone else'll pick up the tab...And don't forget GDP dropped 7% in the Mar-Jun quarter last year, and 0.3% before that. We're barely back where we were 18 months ago...Oh, and "employment" is, IIRC, defined as working but 1 hour a week or more. Work half a casual shift a week? Great, you've contributed to reducing unemployment. How many of those 95.1% of "employed" people got paid a full 38 hours a week over the last 6 months? Certainly not me - or mot of us here, I would suggest...