Quote:
Originally Posted by WestRace
The question to ask: why do you have 3.7% unemployment but the market is acting as if the economy is about to turn sour?
My guess is although numerically the unemployment number is low, a lot of that is in the "gig economy" which means it does not pay very much and they can come and go just like that. So the real unemployment rate for based on the typical traditional jobs is probably higher than 3.7%.
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I think that's absolutely right... and remember the wage growth isn't real... i mean if you worked at startbucks and made 8 an hour and now u make 9... then yeah, that would be 13% WAGE GROWTH... u get the point
