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Powell Is Wrong. More Stimulus Won't Create Employment – Investment Watch

Correcting this misclassification and counting those who have left the labor force since last February as unemployed  would boost the unemployment rate to close to 10 percent in January .” “It will require a society-wide commitment, with contributions from across government and the private sector.” I agree with his first point. If you account for those no longer counted as part of the labor force, the real unemployment rate  (more commonly known as the U-6 rate) is near 10%. However, w...
United States Lance Roberts Jerome Powell Ben Bernanke National Federation Of Independent Business Fed Chair Jerome Powell

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